USA HISTORY

Detailed explanation-1: -Lamar’s constant military campaigning against the Indians and his costly exploits into New Mexico nearly bankrupted Texas. When he left office in 1841, the republic’s debt stood at more than $7, 000, 000.

Detailed explanation-2: -– the Republic was deeply in debt because of the Revolution and the fact that the money they had previously used was Mexican money – they literally had no money, not even printed currency! that had fought in the Revolution wanted and needed to be paid.

Detailed explanation-3: -The treaty stated that Texas would join the U.S. as a territory, not a state. The U.S. would pay off all of the public debt owed by Texas. Texas would give up all claims to the public land in Texas.

Detailed explanation-4: -Land disputes and the public-debt issue were settled with the Compromise of 1850. Texas gave up claims to territory extending to Santa Fe and beyond in exchange for $10 million from the federal government. That sum was used to pay off the debt of the Republic.