Indentured servants first arrived in America in the decade following the settlement of Jamestown by the Virginia Company in 1607. The idea of indentured servitude was born of a need for cheap labor.

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Investopedia / Mira Norian A monopsony features a single ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...