Final answer:
Indentured servitude had a significant impact on American society, leading to the development of slavery, shaping the labor force, and resulting in its eventual replacement by chattel slavery.
Step-by-step explanation:
The long term impact of indentured servitude on American society was multifaceted. Firstly, it contributed to the development of racial hierarchy and the institution of slavery in the New World. As the supply of indentured servants became insufficient to meet labor demands, slavery became a permanent and inherited status, tied to race. Secondly, indentured servitude helped shape the labor force in the colonies, particularly in the North, where family farms were prevalent. Lastly, the drawbacks of indentured servitude, such as the high mortality rate and the lack of a consistent labor supply, led to the eventual shift towards chattel slavery.