On June 3, 1539, Spanish conquistador and explorer Hernan de Soto, with all the dignitaries and necessary paraphernalia, took formal possession of La Florida, where he landed nine ships with more than 620 men and 220 horses. De Soto's expedition was the first European expedition leading deep into the territory of the modern-day United States, searching for gold, silver and also a passage to China. Moreover, he also was the first European documented to have crossed the Mississippi River.
Rare is the economist who finds himself the target of terrorist bombings and assassination attempts, but Hernando de Soto is no ordinary economist. Beginning in his native Peru, de Soto has focused on a revolutionary concept that is having repercussions throughout the world's poor countries: the lack of formal property rights as the source of poverty in poor countries. His decades of pioneering work for presidents and in the streets on behalf of property rights for the poor have led to global acclaim and recognition.