Indentured Servants Capitalism of Today

Abstract

In this study we try to explore the concept of Indentured Servants in a holistic context. The main focus of the research is on Indentured Servants and its relation with American colonialism. The research also analyzes many aspects of Indentured Servants and tries to gauge its effect on American colonialism.

Table of Contents

Abstract1

Introduction3

The Early Colonial Period3

Indentured Servants4

Capitalism and Democracy are Incompatible5

Factors Affecting American Economy7

Conclusion9

Works Cited11

Indentured Servants Capitalism of Today

Introduction

Throughout history, there have been numerous phenomena in Latin American political, social, economic and cultural unique in the world. By their nature, these phenomena, despite their enormous peculiarities have not been by chance. To understand better, it is necessary to go back to the sixteenth, seventeenth and eighteenth centuries, focusing on the colonial organization after the conquest and the impact this had on indigenous peoples. This is necessary to illustrate the political, social and economic period, inquiring into the antecedents of future events taking place in the troubled and changing America born of revolutions that ended Spanish and Portuguese domination in the continent.

The Early Colonial Period

The early seventeenth century saw a great wave of migration from Europe to North America. The first immigrants from what is now the United States crossed the Atlantic long after the Spanish had established their first colonies in the rest of the Americas and, indeed, England was the last European power to reach America. Despite early failures, late sixteenth century, to establish English colonies in North America, the British did not give up the effort, and in 1607 founded the colony of Jamestown in the Chesapeake Bay, which would be the first permanent English colony.

The first colonies were provided with a self-sufficient communities own exit to the sea. Each of the colonies became a separate entity, with a strong individuality. But despite this individualism, problems in the trade, shipping, manufacturing and currency transcended the boundaries of the colonies and required the adoption of common regulations, which, after winning independence from England, would step to the Federation (Galenson, 1).

In contrast to the policy of colonization of other countries, emigration from England was sponsored by the government but by groups of private citizens whose primary motive was profit. Two colonies of Virginia and Massachusetts were founded by established companies, whose funds provided by investors, were used for equipping, transporting and keep colonists. In the case of New Haven, were wealthy migrants who financed the transportation and equipment from their families and servants? Other colonies such as New Hampshire, Maine, Maryland, Pennsylvania, originally belonged to some members of the middle class or the English nobility, which, as employers, lent money to the settlers with the guarantee of land that had been ceded by the King. Nevertheless, the colonies were founded for different reasons and would develop at very different rates, with economies, forms of government and different religious faiths. The thirteen colonies that eventually came to form the United States were New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, Georgia, ...