Question

In: Economics

Briefly explain how the market for indentured servants in Jamestown evolved. What was the difference between...

Briefly explain how the market for indentured servants in Jamestown evolved. What was the difference between indenturedservants and redemptioners? Upon what characteristics were terms of indenture decided?

Solutions

Expert Solution

The notion of indentured servitude arose from a need for cheap labour. Soon the earliest settlers found they had plenty of land to care for but no one to care for. The Virginia Company developed the system of indentured servitude to attract workers with travel to the Colonies expensive for all but the rich. Indentured servants became vital to the economy of the colonies. The timing was perfect for the Virginia colonies. The Thirty Years War had left Europe's economy exhausted, and many skilled and unqualified workers were jobless.

A new life in the New World provided a glimmer of hope; this explains how half to two-thirds of the immigrants who came to the American colonies came in as indentured servants. Servants typically worked for four to seven years in exchange for the duties of travel, bed, board, lodging and liberty. While an indentured servant's life was harsh and oppressive, slavery was not. There were laws which were securing some of their rights. Yet their lives were not simple, and the punishments levied on the wrongdoers were harsher than those for the non-servants

A redemptioner is an immigrant, usually from the eighteenth or nineteenth century, who obtained passage to America by selling himself as an indentured servant. An Indentured Servant is an unfree laborer under contract to work (for a fixed amount of time) for another person or company / corporation, often without any monetary compensation, but in return for lodging, food, other necessities, training, or transit to a new country; Upon serving for the contract term (traditionally for seven years), the servant was then free to farm or take up his own trade


Related Solutions

How would you describe the market for indentured servants; as a monopoly, an oligopoly, or a...
How would you describe the market for indentured servants; as a monopoly, an oligopoly, or a competitive market? Justify your answer (why)
What would attract poor Englishmen and women to work as indentured servants in the colonies? A....
What would attract poor Englishmen and women to work as indentured servants in the colonies? A. Higher wages for their labor. B. Lower prices for meat and produce. C. The possibility of owning land and farming that land for profit. D. All of the above.
B.   Why did indentured servants come to North America and what was their function in society...
B.   Why did indentured servants come to North America and what was their function in society ?Describe their labor and living conditions and how they responded to such a life. Why and how were indentured servants replaced? Explain the Triangular Atlantic Slave Trade and the experiences of African slaves along the “Middle Passage. ”What social and economic impact did slaves have on Southern society?
Indentured servants were the labor of choice before enslaved Africans. So what tilted the balance? Where...
Indentured servants were the labor of choice before enslaved Africans. So what tilted the balance? Where did this leave the ex-indentured servants?
What is the difference between AIS and MIS. Briefly explain?
What is the difference between AIS and MIS. Briefly explain?
3) What is the difference between selling and marketing? Explain briefly.
3) What is the difference between selling and marketing? Explain briefly.
a)(5%) Briefly explain the difference between hardness and hardenability.b)(5%) What is the main difference between eutectic,...
a)(5%) Briefly explain the difference between hardness and hardenability.b)(5%) What is the main difference between eutectic, eutectoid and peritectic reactions? c)(10%) A cylindrical piece of 5140 steel heated to γ region and OQ. If the hardness at the surface must be ≥ 35HRC, what is the maximum allowable dia.? Explain.
Explain the difference between debt and equity and explain how the bonds market operates.
Explain the difference between debt and equity and explain how the bonds market operates.
Explain briefly the difference between the isotonic and isoismotic solutions.
Explain briefly the difference between the isotonic and isoismotic solutions.
Explain the difference between a primary market for a security and a secondary market for that...
Explain the difference between a primary market for a security and a secondary market for that security AND what advantages does a Secondary market bring? ---------------------------------------------------------------------------------------------------------------------------------------------------------------- How does an increase in interest rates affect a security's duration?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT