New Netherland Company

States General a petition to receive exclusive trading privileges for the area.^[1] The charter granted a monopoly of trade between the 40th and 45th parallel for a period of three years, starting on 1 January 1615.^[2] In 1618 the Company's charter wasn't renewed because negotiations for the formation of the Dutch West India Company were well advanced. After 1618 New Netherland was open to all traders, but the majority of trade was still conducted by the founders of the New Netherland Company until the establishment of the Dutch West India Company in 1621.^{[citation needed}