The first transatlantic yacht race, from Sandy Hook in New Jersey to the Needles off the coast of the Isle of Wight in England, was the result of a drunken wager between three prominent New York businessmen: James Gordon Bennett Jr., Pierre Lorillard, and George Osgood.

The Capitulations of Santa Fe granted a number of official titles to Columbus as well as ten per cent of any treasure he was able to secure on his voyage.