Growth of the American Economy
Indentured servitude was a labor system where individuals agreed to work for a specified number of years in exchange for passage to America and the promise of land or money at the end of their term. This practice played a crucial role in the economic development of the American colonies, helping to meet labor demands in a rapidly growing economy. It particularly impacted the plantation economy, as many indentured servants were used to cultivate cash crops, setting the stage for the later reliance on enslaved labor.
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