The Dutch West India Company operated a monopoly on the region for roughly twenty years before other businessmen were allowed to set up their own ventures in the colony. In 1647, Director-General Peter Stuyvesant took over management of the colony, and surrendered it in 1664 to the British, who had invaded the largely-defenseless New Amsterdam. New Amsterdam and the colony of New Netherland were renamed New York, after the Duke of York.
The Dutch West India Company operated a monopoly on the region for roughly twenty years before other businessmen were allowed to se?t up their own ventures in the colony. In 1647, Director-General Peter Stuyvesant took over management of the colony, and surrendered it in 1664 to the British, who had invaded the largely-defenseless New Ams,terdam. New Amsterdam and the colony of New Netherland were renamed New York, after the Duke of York.