This area was first inhabited by the Lenni Lenape, followed by Dutch settlers in the 17th century. Fourteen Dutch families established themselves here, later dividing up their 100-acre plots of land into smaller farm units. Almost 80 years later, in 1792, the area would be transformed due to the vision of one man.
After the Revolutionary War ended, Alexander Hamilton began promoting his views on the economic needs of the new nation. He was concerned over the lack of industry in the United States; during colonial times, it was prohibited by English law. Hamilton believed that a strong industrial system was the best way to help the United States gain financial independence and become a world presence.