May 4 | This Day in U.S. Military History
Indians sell what would become Manhattan for goods worth $24.
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1626 – Dutch explorer Peter Minuit landed on what is now Manhattan Island. Peter Minuit became director-general of New Netherlands. Indians sold Manhattan Island for $24 (1839 dollars) in cloth and buttons. The 1999 value would be $345. The site of the deal was later marked by Peter Minuit Plaza at South Street and Whitehall Street.
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