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== History == Before European settlement, the area was inhabited by the Lenape tribe. In 1524, the first European explorer, Giovanni da Verrazzano, arrived in the area. However, it was Henry Hudson who first mapped the area for the Dutch East India Company on September 11, 1609. The first settlement on the island began in 1624, when the area was called "New Holland," with the establishment of a Dutch fur trading post on Governors Island, where 30 families from Holland settled. In 1625, construction began on Fort New Amsterdam (in Dutch: Nieuw Amsterdam) in the south of the island for the protection of residents, and its completion marks the founding of New York City. In 1626, a Dutch merchant named Peter Minuit purchased the island from its Native American inhabitants in exchange for goods worth 60 guilders (later valued at 24 dollars), an amount estimated to be worth around 1,000 dollars today.
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