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Founded By: Peter Minuit and the New Sweden Company. Motivation for Founding: Peter Minuit was Dutch and formed New Sweden as part of New Netherland. When Charles II, King of England gave his brother James, the Duke of York, New Netherland, James demanded and received its surrender. He renamed New Sweden to Delaware. Significant Events: 1  Delaware was a part of Pennsylvania until 1703. 2  The colony was governed by Pennsylvania until the Revolutionary War.
History of Delaware Colony. The Dutch first settled Delaware in 1631, although all of the original settlers were killed in a disagreement with local Indians. Seven years later, the Swedes set up a colony and trading post at Fort Christina in the northern part of Delaware. Today, Fort Christina is called Wilmington. In 1651, the Dutch reclaimed the area and built a fort near present day New Castle. By 1655, the Dutch had forcibly removed the Swedes from the area and reincorporated Delaware into their empire. In 1664, however, the British removed the Dutch from the east coast.