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| Term | Definition |
|---|---|
| impressment | The forced enlistment of civilians into the army or navy. The impressment of residents of colonial seaports into the British navy was a major source of complaint in the 18th century. |
| indentured servitude | Servants contracted to work for a set period of time without pay. Many early migrants to the English colonies indentured themselves in exchange for the price of passage to North America. |
| indulgences | Payments to the Catholic Church as penance in exchange for the forgiveness of sins. |
| inflation | Market wide increase in prices, leading to the devaluation of currency. |
| Iroquois Confederacy | A group of allied American Indian nations that included the Mohawk, Oneida, Onondaga, Cayuga, Seneca, and later the Tuscarora. The Confederacy was largely dissolved by the final decade of the 1700s. |
| joint-stock companies | Companies in which large numbers of investors own stock. They were able to quickly raise large amounts of risk and reward equally among investors. |
| Mayflower Compact | Written agreement created by the Pilgrims upon their arrival in Plymouth. It was the first written constitution adopted in North America. |
| Metacom's War | 1675-1676 conflict between New England settlers and the region's American Indians. The settlers were the eventual victors, but fighting was fierce and casualties on both sides were high. |
| mercantilism | Economic system centered on maintaining a favorable balance of trade for the home country, with more gold and silver flowing into that country than flowed out. 17th and 18th century British colonial policy was heavily shaped by mercantilism. |