Indentured Servants and Company Towns in America
Indentured Servant refers to the historical practice of contracting to work for a fixed period of time. This was in exchange of transportation, clothing, food, lodging and other necessities. The practice was common in United States of America, London and some Caribbean countries. In North America, farmers, planters, and shopkeepers found it very difficult to hire workers, because cash was short and it was easy for those workers to set up their own farm.
Jeffry G, Mumford (2006), Redemptioners and indentured servants in the colony 4th
Edition: Boston McGraw-Hill Irwin Publishers.