Peter Minuit, Pieter Minuit, Pierre Minuit or Peter Minnewit (1580 – August 5, 1638) was a Walloon from Wesel, in present-day North Rhine-Westphalia, Germany, then part of the Duchy of Cleves. He was the Director of the Dutch colony of New Netherland from 1626 until 1633, and he founded the Swedish colony of New Sweden in 1638. According to tradition, Minuit purchased the island of Manhattan from Native Americans on May 24, 1626 for goods to the value of 60 Dutch guilders, which in the 19th century was estimated to be the equivalent of $1000 USD.
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“When the Day of Judgement dawns and the great conquerors and lawyers and statesmen come to receive their rewards—their crowns, their laurels, their names carved indelibly upon imperishable marble—the Almighty will turn to Peter and will say, not without a certain envy when he sees us coming with our books under our arms, “Look, these need no reward. We have nothing to give them here. They have loved reading.””
—Virginia Woolf (1882–1941)