In 1667, the Dutch ceded New Amsterdam/ New York (the island of Manhattan and Brooklyn) to the British in exchange for the colony of Suriname located on the Northeast coast of South America, a colony that a major sugar producer and considered much richer and desirable that New Amsterdam. The area of Suriname is 64,000 square miles in rich in gold, diamond, bauxite, forested lands, and rich agricultural lands whereas Manhattan is 22.7 square miles and has thin soils, no minerals, but a massive granite bedrock)

Explain how the Lenape People benefited from the exchange made with the Dutch settlers and how the Dutch settlers benefited from purchasing the land. Does the axiom of voluntary exchange being beneficial to both parties hold in this case or was it violated and how or why? Does the axiom hold only if we place ourselves back into the conditions of 1624 and not judge from a distant historical perspective and the knowledge of all that has transpired since then, (ie. the Lenape people now live on reservations in Oklahoma and Manhattan is now constitutes some of the world's most expensive real estate ($5.7 million per acre) and New York is the financial capital of the entire world with the largest investment banks and the world's largest stock exchange worth 27.7 trillion).

Similarly, do you think the English benefited from the land exchange in 1667? Why? Do you think the Dutch benefited from the land exchange in 1667? Why?