In the 17th century Europeans began to establish settlements in the Americas. The division of the land into smaller units under private ownership became known as the plantation system. Starting in Virginia the system spread to the New England colonies. Crops grown on these plantations such as tobacco, rice, sugar cane and cotton were labour intensive. Slaves were in the fields from sunrise to sunset and at harvest time they did an eighteen hour day. Women worked the same hours as the men and pregnant women were expected to continue until their child was born.
European immigrants had gone to America to own their own land and were reluctant to work for others. Convicts were sent over from Britain but there had not been enough to satisfy the tremendous demand for labour. Planters therefore began to purchase slaves. At first these came from the West Indies but by the late 18th century they came directly from Africa and busy slave-markets were established in Philadelphia, Richmond, Charleston and New Orleans.
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If Sing songs company owns 10% of the music industry, then this means that ten percent represents this company's total amount of investment at the moment--through either solid or liquid holdings such as stock options.
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