Case Study Of Manhattan Island In 1626 By Peter Minuit

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3) What was one of the greatest real estate deals of all time and why? One of the greatest real estate deals of all time was the purchase of the Manhattan Island in 1626 by Peter Minuit. Peter Minuit arrived to the new world in 1626, to replace a corrupt commander of the Dutch West Indian Company. The Dutch West Indian Company give him the power of director-general of the New Netherland colony. Manhattan Island was occupied by three Indians tribes such as the Werpoes, Meijrterma, and the Rechewanis. In the same year of Minuit arrival, he bought the Manhattan Island from a group of Canarsie Indian sachems for $24.00 dollars worth of trinkets. This deal was important because led to the legitimacy of the Dutch West India Company to remain