Prussia was the last major European power, and first German state, to enter transatlantic trade. It was relatively isolated from major European trade hubs at the time, so the incentive existed to enter transatlantic trade and fortify the Prussian economy. The colony was founded for many reasons, mainly: for Prussia to increase its gold reserves, to supply slaves for Prussia's entry in the
Atlantic slave trade, and to engage in
gum arabic and ostrich feathers trade. Yet shortly after its founding, it was soon realized that the greatest profits could only be made from human cargo trade as gold had eventually run scarce in the area, so the focus of the colony was put almost exclusively on trading slaves. Prussia also leased part of the island
Saint Thomas in the Caribbean (present-day part of the
U.S. Virgin Islands) from the
Kingdom of Denmark as a colony to which it could transport slaves, and thus a transatlantic trade between the Prussian Gold Coast and the Caribbean was born. == Sale to the Dutch ==