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servants who worked for a set period of time to pay off debts or cost of travelling to the Americas

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being owned or in bondage to another person; the practice or system of one person owing another person or people

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A system in which individual buyers and sellers interact in the market place to exchange (trade) goods and services

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capitalism       economic system based upon the private ownership of resources and production in order to make a profit

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capitalism       economic system based upon the private ownership of resources and production in order to make a profit

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a place where goods are offered for sale

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material, such as wood, gold, salt, tobacco, cotton, that occurs in nature and can be traded or made into a product that can be traded

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when a country has more exports (items they sell to other countries) than imports (items they buy from other countries

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the idea that a country gains power by building up its supply of gold and silver; can be accomplished by taking over land where gold and sliver are natural resources or by taking over territory where resources or by taking over territory where resources are available to create a product to trade government controls the economy

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settlement in a new territory that keeps close ties to the mother country/homeland