Whats the difference bet' indentured servitude and slavery

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Whats the difference bet. indentured servitude
and slavery?

• Why important for understanding British North
  America?

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http//www.virtualjamestown.org/servantcontracts.h
tml
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Tobacco colonies indentured servants

• Tobacco plants take hold by 1617 as major crop of
  Virginia
• tobacco plantations lots of land
• Makes for large, isolated plantations
• de-centralized- social structure of plantations
  Chesapeake
• Gender imbalance 8-1 male-female ratio
• headright system land for importing labor,
  servants could gain land grants

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BNA regional economic trends

• Predominately agricultural, mainly rural or
  sub-rural farms
• active maritime trade Boston, Phil.,
  Williamsburg, Annapolis, New York
• Growing artisan culture in towns
• iron, lumber, fish, rice, indigo, rice, tobacco-
  most important BNA products
• stratified social structure, culture of
  economic-based deference

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BNA consumer exchange

• NE small farmers, craftspeople keep elaborate
  books, orient production around local markets
• Rum and tea and chocolate are major beverages,
  have cultural, class connotations
• Rum/whiskey used as major trade item w/Indians,
  along with guns, furs
• Money system is rudimentary and diverse many
  European coins used, also land office or loan
  office colony notes
• GB prohibits use of American currency, est. of
  banks, so individuals pursue finance operations,
  insurance

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Was there an effective market economy in BNA?
Why or why not?

• http//www.newworldchocolatesociety.com/index.php/
  nwcs/comments/article-colonialchocolate/