Answers:
- to change or improve something by correcting faults or removing abuses: reform
- an economic system based on private ownership and competition motivated by profit: capitalism
- policy extending political, economic, or military rule over another: imperialism
- an agreement committing one person to be another's slave for a certain period of time: indentured
- an economic system where colonies supply goods to the mother country: mercantilism
- a type of slavery where the slave is the sole property of the master with no rights: chattel
Reform is making changes to something in order to improve it. It is usually contrasted with revolution, which implies a complete destruction and recreation, as opposed to an alteration.
Capitalism is an economic system based on private property and motivated by profit.
Imperialism is the policy or state practice of extending power by territorial acquisition or by gaining political and economic control over other areas.
Indentured servitude was a common practice during the early years of the US. It consisted on European citizens agreeing to work for a certain period of time with no pay in exchange for passage from Europe to America.
Mercantilism is an economic theory that argues that there is a fixed amount of wealth in the world and that a country's prosperity depends on its success in accumulating wealth through exports. It was the dominant ideology from the 16th to the 18th century, and played a significant role in shaping relationships between European powers and their colonies.
Chattel slavery is the most extreme form of slavery, and it refers to the complete ownership of a person, and often of his descendants.