New Netherland was a 17th-century colony of the Dutch Republic that was located on the east coast of North America. The claimed territories extended from the Delmarva Peninsula to extreme southwestern Cape Cod, while the more limited settled areas are now part of New York, New Jersey, Delaware, and Connecticut, with small outposts in Pennsylvania and Rhode Island. The colony was conceived by the Dutch West India Company (WIC) in 1621 to capitalize on the North American fur trade. It was settled slowly at first because of policy mismanagement by the WIC and conflicts with American Indians. The settlement of New Sweden by the Swedish South Company encroached on its southern flank, while its northern border was redrawn to accommodate an expanding New England Confederation.