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The Dutch famously purchased the island of Manhattan from the Native Americans in 1626 for goods valued at 60 guilders. This transaction has often been mythologized, but it is important to note that the concept of land ownership was different for the indigenous peoples, who did not perceive the exchange in the same way the Dutch did. The amount has been roughly estimated to be equivalent to about $1,000 in today's currency.

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2w ago

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