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IT Insights Blog — Kirk Douglas

A Small Initial Investment

Posted by TestOut Staff on

Cruz Bay on Saint John Island

Legend has it that, in 1626, Peter Minuit and a party of Dutch colonists acquired Manhattan Island, the site of present-day New York City's Manhattan borough, from the indigenous Canarsie, a constituent tribe of the Lenape, for trade goods worth 60 Dutch guilders. That's the equivalent, as most familiar with the legend have no doubt heard, of $24 in ... well, not "today's" currency. In 2014, historians estimated that Minuit's trade goods would be worth between $2,600 and $15,600.

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