The colony of New York was established by the Dutch for trade and monetary gain. New Netherlands, which comprised some areas of present-day New York, were regarded by the Dutch as an important source of fur.
During the mid-17th century, the Netherlands flourished and expanded its territory by colonizing several countries including Sri Lanka, Indonesia, Aruba and Brazil. The Dutch East India Company, under the leadership of the famous English navigator, Henry Hudson, sailed for the Americas on a quest to find a westward route to Asia. He arrived in New York in 1611 and declared the area as Dutch property. Peter Minuit established New York as a Dutch colony in 1626. It was later conquered by the British Empire in 1664.