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Why did people sign contracts to become indentured servants in the American colonies?

Indentured servants were men and women who signed a contract (known as an indenture or a covenant) by which they agreed to work for a certain number of years in exchange for transportation to the colonies and, once they arrived, food, clothing, and shelter.
Why did people sign contracts to become indentured servants in the American colonies?
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Why did people sign contracts to become indentured servants in the American colonies?
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