The Dutch West India Company hoped to strike it rich in the New World. New Netherlands was established so the Dutch could find these resources and profit from the selling of goods. The area had great resources such a lush forest filled with many animals. Most of their economy was based on the business of fur trade. They were allies with the Iroquois tribe and greatly depended on this group of Native Americans in order to have their successful business. The Dutch bartered with the Native American for beaver pelts (a favorite of the Dutch), using wampum or manufactured European goods. Wampum is a tubular shell sort of bead that was used as a medium of exchange between Europeans and Indians in this time. A favorite animal of the Dutch was the
