Final answer:
According to legend, the Lenape Native people received 60 guilders for the island of Manhattan. This transaction took place in 1626 and initiated the Dutch colonization of New Amsterdam.
Step-by-step explanation:
The Lenape Native people reportedly received 60 guilders for the island of Manhattan according to legend. In 1626, Peter Minuet, under the direction of the Dutch West India Company, purchased Manhattan Island from the local Lenape Native people for this amount. This transaction initiated the Dutch colonization of New Amsterdam in present-day New York City.