The reason why people, specifically Puritans, left England to go to America in the 1600s was because of religious persecution of their belief, their belief being the simplified version of the religion hosted by the Reformation of the Church of England under Elizabeth.
As part of their settlement of Manhattan, the Dutch purportedly purchased the island from the Native Americans for trade goods worth 60 guilders. More than two centuries later, using then-current exchange rates, a U.S. historian calculated that amount as $24, and the number stuck in the public’s mind. Yet it’s not as if the Dutch handed over a “$20 bill and four ones,” explained Charles T. Gehring, director of the New Netherland Research Center at the New York State Library. “It’s a totally inaccurate figure.” He pointed out that the trade goods, such as iron kettles and axes, were invaluable to the Native Americans since they couldn’t produce those things themselves. Moreover, the Native Americans had a completely different concept of land ownership. As a result, they almost certainly believed they were renting out Manhattan for temporary use, not giving it away forever. Due in part to such cultural misunderstandings, the Dutch repeatedly found themselves at odds with various Native American tribes, most notably in the brutal Kieft’s War of the 1640s. “The Dutch were instructed by their authorities to be fair and honest with the Indians,” said Firth Haring Fabend, author of “New Netherland in a Nutshell.” “But you can’t say they were much better [than the other European nations colonizing the Americas.] They were all terrible.”
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The correct answer is ego integrity vs. despair.
This is the final psychological conflict, according to Erikson. This is the moment in our lives (usually toward the end of life) where we are reflecting on our past and trying to determine whether we are content with the life we led or not. If we are, we will reach ego integrity; if we are not, we will reach despair.
In factor market individuals supply factors such as labor in return for wages, rent and interest while in the product market firms supply products and individuals pay for them.
