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$1.9 trillion
- Even taking all buildings and structures out of the picture and withholding 40 percent of the island’s acreage for streets, parks and piers, the new index values the island as high as $1.9 trillion today. That’s roughly 10 percent of U.S. gross domestic product—or more than twice as much as the net worth of the world’s 10 richest people combined.
commercialobserver.com/2018/03/how-much-is-manhattan-worth/
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One of the most persistent myths in American history is that European explorers really got one over on the Native Americans by purchasing the entire island of Manhattan—where property has averaged...
Apr 24, 2018 · Back in 1626, the Dutchman Peter Minuit “bought” Manhattan, “the island of many hills,” from the Lenape people for $24 worth of trinkets.
Jul 31, 1992 · In 1626 Peter Minuit bought Manhattan island from the local Indians for a load of cloth, beads, hatchets, and other odds and ends then worth 60 Dutch guilders. According to my Encyclopedia Britannica, 60 guilders in 1626 would buy you 1-1/2 pounds of silver.
May 6, 2015 · They have purchased the Island of Manhattes from the savages for the value of 60 guilders. It is 11,000 morgens in size. Nearly every other detail about the transaction must be inferred.
In 1626, Peter Minuit’s acquisition of Manhattan for trade goods valued at 60 guilders—equivalent to roughly $1,150 today—has become one of the most enduring and debated legends in New York City’s history.
Apr 4, 2021 · In 1626, the story goes, Indigenous inhabitants sold off the entire island of Manhattan to the Dutch for a tiny sum: just $24 worth of beads and "trinkets."
Jan 6, 2016 · By recording all the vacant sales and doing a little math, you can interpolate the value of all the land and conclude that in 2014 the island’s land was worth about $1.4 trillion — almost 10...
