Indenture in the context of "Jamaica"

⭐ In the context of Jamaica, indenture, beginning in the 1840s, was primarily implemented to address what challenge faced by plantation owners?

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⭐ Core Definition: Indenture

An indenture is a legal contract that reflects an agreement between two parties. Although the term is most familiarly used to refer to a labor contract between an employer and a laborer with an indentured servant status, historically indentures were used for a variety of contracts, including transfers and rents of land and even peace agreements between rulers.

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👉 Indenture in the context of Jamaica

Jamaica is an island country in the Caribbean, covering 10,990 square kilometres (4,240 sq mi). It is the third-largest island in the Greater Antilles and the Caribbean, after Cuba and the island of Hispaniola. Jamaica lies about 145 km (78 nmi) south of Cuba, 191 km (103 nmi) west of Hispaniola (the island containing Haiti and the Dominican Republic), and 215 km (116 nmi) southeast of the Cayman Islands (a British Overseas Territory). With 2.8 million people, Jamaica is the third most populous Anglophone country in the Americas and the fourth most populous country in the Caribbean. Kingston is the country's capital and largest city.

The indigenous Taíno peoples of the island gradually came under Spanish rule after the arrival of Christopher Columbus in 1494. Many of the indigenous people either were killed or died of diseases, after which the Spanish brought large numbers of Africans to Jamaica as slaves. The island remained a possession of Spain, under the name Santiago, until 1655, when England (part of what would become the Kingdom of Great Britain) conquered it and named it Jamaica. It became an important part of the colonial British West Indies. Under Britain's colonial rule, Jamaica became a leading sugar exporter, with a plantation economy dependent on continued importation of African slaves and their descendants. The British fully emancipated all slaves in 1838, and many freedmen chose to have subsistence farms rather than to work on plantations. Beginning in the 1840s, the British began using Chinese and Indian indentured labourers for plantation work. Jamaicans achieved independence from the United Kingdom on 6 August 1962.

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Indenture in the context of Slavery in the Spanish New World colonies

Slavery in the Spanish American viceroyalties included the enslavement, forced labor and peonage of indigenous peoples, Africans, and Asians from the late 15th to late 19th century, and its aftereffects in the 20th and 21st centuries. The economic and social institution of slavery existed throughout the Spanish Empire, including Spain itself. Initially, indigenous people were subjected to the encomienda system until the 1543 New Laws that prohibited it. This was replaced with the repartimiento system. Africans were also transported to the Americas for their labor under the race-based system of chattel slavery. Later, Southeast Asian people were brought to the Americas under forms of indenture and peonage to provide cheap labor to replace enslaved Africans.

People had been enslaved in what is now Spain since the times of the Roman Empire. Conquistadors were awarded with indigenous forced labor and tribute for participating in the conquest of Americas, known as encomiendas. Following the collapse of indigenous populations in the Americas, the Spanish restricted the forced labor of Native Americans with the Laws of Burgos of 1512 and the New Laws of 1542. Instead, the Spanish increasingly utilized enslaved people from West and Central Africa for labor on commercial plantations, as well as urban slavery in households, religious institutions, textile workshops (obrajes), and other venues. As the Crown barred Spaniards from directly participating in the Atlantic slave trade, the right to export slaves (the Asiento de Negros) was a major foreign policy objective of other European powers, sparking numerous European wars such as the War of Spanish Succession and the War of Jenkins' Ear. Spanish colonies ultimately received around 22% of all the Africans delivered to American shores. Towards the end of the Atlantic slave trade, Asian migrant workers (chinos and coolies) in colonial Mexico and Cuba were subjected to peonage and harsh labor under exploitative contracts of indenture.

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Indenture in the context of Indentured servitude

Indentured servitude is a form of labor in which a person is contracted to work without salary for a specific number of years. The contract, called an "indenture", may be entered voluntarily for a prepaid lump sum, as payment for some good or service (e.g. travel), purported eventual compensation, or debt repayment. An indenture may also be imposed involuntarily as a judicial punishment. The practice has been compared to the similar institution of slavery, although there are differences.

Historically, in an apprenticeship, an apprentice worked with no pay for a master tradesman to learn a trade. This was often for a fixed length of time, usually seven years or less. Apprenticeship was not the same as indentureship, although many apprentices were tricked into falling into debt and thus having to indenture themselves for years more to pay off such sums.

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Indenture in the context of The Pirates of Penzance

The Pirates of Penzance; or, The Slave of Duty is a comic opera in two acts, with music by Arthur Sullivan and libretto by W. S. Gilbert. Its official premiere was at the Fifth Avenue Theatre in New York City on 31 December 1879, where it was well received by both audiences and critics. Its London debut was on 3 April 1880, at the Opera Comique, where it ran for 363 performances.

The story concerns Frederic, who, having completed his 21st year, is released from his apprenticeship to a band of tender-hearted pirates. He meets the daughters of the incompetent Major-General Stanley, including Mabel, and the two young people fall instantly in love. Frederic learns, however, that he was born on 29 February, and so, technically, he has a birthday only once each leap year. His indenture specifies that he remain apprenticed to the pirates until his "twenty-first birthday", meaning that he must serve for another 63 years. Bound by his own sense of duty to honour his bond with the pirates, Frederic's only solace is that Mabel agrees to wait for him faithfully. The pirates' maid-of-all-work, Ruth, eventually reveals a fact that saves the day.

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Indenture in the context of Trust Indenture Act of 1939

The Trust Indenture Act of 1939 (TIA), codified at 15 U.S.C. §§ 77aaa77bbbb, supplements the Securities Act of 1933 in the case of the distribution of debt securities in the United States. Generally speaking, the TIA requires the appointment of a suitably independent and qualified trustee to act for the benefit of the holders of the securities, and specifies various substantive provisions for the trust indenture that must be entered into by the issuer and the trustee. The TIA is administered by the U.S. Securities and Exchange Commission (SEC), which has made various regulations under the act.

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