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Fort Orange ( in New Netherland . It was a replacement for Fort Nassau , which had been built in 1614 on nearby Castle Island in the Hudson River and which served as a trading post until 1617 , when it was abandoned due to frequent flooding. Both forts were named in honor of the Dutch House of Orange-Nassau . Fort Orange was a small wooden structure, erected in 1624 by the Dutch West India Company as a fur Trading Post on the west bank of the Hudson River , just south of the where the city of Albany now stands. It became the company's official outpost in the upper Hudson Valley , similar to the company's many other headquarters throughout their worldwide trading empire. |