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New Amsterdam was founded for the Dutch West India Company for the sole purpose of profit (through trade).

The colony of New Amsterdam was founded by the Dutch West India Company, hoping to find as much profit as the Dutch East India Company did in the spice trade. The only trade item developed by the colony was furs from the Native Americans.

The company blundered in, developing the colony for settlers so that population growth was very slow, resulting in little production of agricultural products or manufactured goods that could be shipped back to Holland. It was almost a mercy to have the place stolen away by the British after several decades of mismanagement.

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13y ago
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14y ago

In 1625, officials of the Dutch West India Company, a commercial confederation, founded New Amsterdam, which became New York City, in New Netherland, later New York Colony. (US History Encyclopedia) For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated directly below this answer section.

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13y ago

New Amsterdam was founded in either 1624, 1625, or 1626 (different sources give different dates) by the Dutch. In 1664 the English took control and renamed it New York.

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11y ago

To make a profit off spice trade, but in the end made a profit in fur trade.

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12y ago

The Dutch settled New Amsterdam in 1624.

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12y ago

Type your answer here... 1782

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Q: In what year was New Amsterdam founded?
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Related questions

What year was York founded?

New Amsterdam was founded around 1625. The English took control and renamed it New York in 1664.


When was New Amsterdam founded?

In 1624, settlers from the Netherlands began building New Amsterdam in New York.


Was New Amsterdam French or Dutch?

New Amsterdam was a DUTCH colony. founded by Petert Stuyvesant. Subsequently it became New York.


What year was New York founded?

The town of New Amsterdam was founded in 1625 by Willem Verhulst. It was re-named New York after the British took over.


New Amsterdam was founded on the banks of the?

Hudson river


Was Amsterdam made before new Amsterdam?

Yes Amsterdam is older than New Amsterdam (New York). The earliest recorded use of the name "Amsterdam" is from a certificate dated 27 October 1275. New Amsterdam was founded on the 17th century.


What colony was founded later to become New York?

New Amsterdam.


What year was New York found in?

New York City was founded by the Dutch as New Amsterdam in 1624 and given its present name on its capture by the Engish in 1664.


What city first named new amsterdam?

New York was orginally named New Amsterdam, as it was founded by the Dutch. When the English took over they renamed it.


Which colony was settled just one year after Jamestown Plymouth Roanoke New Amsterdam or Quebec?

New Amsterdam was settled just one year after Jamestown. Plymouth Colony was settled one year after Jamestown. It was in existence from 1620 to 1691.


What country founded the trading center called New Amsterdam?

The Netherlands.


What large colony was founded on Manhattan Island in 1625?

New Amsterdam.