Depending on the source you read youll find claims that minuit purchased manhattan for 60 guilders 24 or probably the most common beads and other trinkets. No glass beads are mentioned.
Arguments over the exact goods the dutch used in the purchase of manhattan fill the internet.
Was manhattan bought for beads. And yet on may 4 1626 the island of manhattan was sold to the voc by the local inhabitants thereof for sixty guilders famously calculated at about twenty four dollars worth of beads buttons and trinkets. But honestly that seems rather irrelevant. The venetian trade beads would not have been dissimilar to the antique venetian trade beads that we have here at the bead chest.
But what actually happened in 1626. If you know anything about the dutch acquisition of manhattan in 1626 youre sure to be familiar with the tenacious myth that peter minuit paid the indians with beads and baubles. Shell beads that is wampum were exchanged not in payment but as a second sort of deed.
In a single landmark real estate deal dutch settlers supposedly purchased the entire island of manhattan for some worthless glass beads. One of the reasons for the longevity of this fable is surely the number of descriptions of this event over the last century and a half. Shortly after manhattan was bought on 10 august 1626 minuit and five other men went to staten island and bought it.
It is considered one of the biggest business mistakes in history. That deed is also lost but was at least partially copied down by cornelius melyen before it disappeared. This fable alludes to a historic misconception that manhattan island was bought for 24 of venetian trade beads and trinkets in 1626.
An often repeated story throughout history is that the dutch bought the island of manhattan from the native americans. One of the most persistent myths in american history is that european explorers really got one over on the native americans by purchasing the entire island of manhattanwhere property has averaged. Dutch settlers bought the use of manhattan in exchange for iron kettles axes knives and cloth.
The price paid was 24 worth of beads trinkets a jar of mayonnaise two pair of wooden clogs a loaf of wonder bread and a carton of quaker oats. The monument is accompanied by a 19th century legend.
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