MANIFEST DESTINY 1806 1855
TEXAS ANNEXATION PROBLEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Texas had borrowed money to fight the Texas Revolution.
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Texas spent lots of money trying to protect its people.
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Moving the capital from Houston to Austin was very expensive.
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Texas paid Mexico a huge sum of money to end the Texas Revolution.
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Detailed explanation-1: -– 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-2: -At the end of the republic the debt was officially estimated at $9, 949, 007. Postponement of the payment of the bulk of this debt was protracted over a period of eleven years, interest accumulating on it up to July 1, 1850.
Detailed explanation-3: -Texas relinquished 67 million acres in the Compromise of 1850 in exchange for a cash payment that wiped out the debt. Future land sales were earmarked to fund Texas education. But sales proved to be disappointing.
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.
Detailed explanation-5: -What was one reason for the republic’s money problems? The Texas Rangers charged a lot of money to protect settlers from attacks by Native Americans.