Slave Labor in the Chesapeake Region Increasingly Supplanted Indentured Servitude

question 60

Multiple Choice

Slave labor in the Chesapeake region increasingly supplanted indentured servitude during the last two decades of the seventeenth century,in part because:

• A) the opening of the new colony of North Carolina attracted enough whites to make up for the loss of those who would have come to the New World as indentured servants.
• B) Bacon's Rebellion reminded leaders of the dangers of allowing racial intermarriage.
• C) improving conditions in England reduced the number of transatlantic migrants.
• D) a monopoly on the slave trade made it easier to import Africans.
• E) indentured servants began forming associations that went on strike for better conditions.

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Definitions:

Quota Rent

Quota Rent is the economic rent a producer earns from the difference between the domestic price and the world price due to a quota system limiting imports.

Demand Price

The highest price a consumer is willing to pay for a good or service.

Supply Price

The minimum price at which a seller is willing to sell a good or service, influenced by production costs and market conditions.

Medallion System

A regulatory system often applied to taxis, where a finite number of medallions or permits are issued, allowing the holder to operate a taxi.