The Dutch East India Co. was the world’s first corporate powerhouse and laid the foundations for the modern multinational corporations of today. However, they are often remembered for trading away New York City. In 1667 the Dutch, whom at the time had occupied New Amsterdam (now New York), conceded the island of Manhattan (now New York) to the English in return for the tiny island of Run in the Banda Islands of the Moluccas Indonesia. The English promptly changed the name from New Amsterdam to New York. Why did they make this trade? Firstly, some background on the Dutch East India Co.
Dallas Davison, Michael Hogue and Ali Hogue.
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