The colony of Pennsylvania was founded in 1682 by William Penn. By 1700, Pennsylvania was the third-richest colony in the New World as well as the third-largest colony.
William Penn acquired Pennsylvania with a land grant given to his deceased father, Admiral William Penn, by King Charles II of England. After founding the colony, he established a representative assembly that was chosen and elected by landowners in Pennsylvania. Penn granted freedom of religion and worship to all settlers of Pennsylvania after it was founded. Penn established Pennsylvania to free himself and other Quakers from persecution based on religion during the 1600s.
Penn originally named the territory New Wales but later changed the name to Sylvania. King Charles II made the name of the colony Pennsylvania in honor of Admiral William Penn.