USA HISTORY

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MANIFEST DESTINY 1806 1855

THE MEXICAN AMERICAN WAR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Republic of Texas began its existence with a large public debt that it had borrowed to pay for the revolution. The new congress put a tariff in place, taxed property and attempted to borrow money from other countries. These efforts largely met with failure. The government then attempted to issue paper money which declined in value over time. It can be inferred from this excerpt that he efforts of the government to reduce public debt were
A
agreed upon by Texas citizens and the debt crisis ended
B
praised by foreign governments and the debt increased
C
failed for various reasons and the debt continued to grow
D
passed through the legislature and the debt was eliminated
Explanation: 

Detailed explanation-1: -The war against Native Americans, expansion of the Texas Navy, and The Santa Fe expedition cost larges amounts of money. By the time Lamar left office, Texas’s debt had risen to 8 million dollars.

Detailed explanation-2: -In November 1835, a provisional government known as the Consultation was established to oppose the Santa Anna regime (but stopped short of declaring independence from Mexico). On March 1, 1836, the Convention of 1836 came to order, and the next day declared independence from Mexico, establishing the Republic of Texas.

Detailed explanation-3: -When Texas emerged as an independent republic (1836-1845), the new nation faced tremendous challenges: the nation was deeply in debt and Mexico, refusing to recognize Texas independence, threated to reconquer the region. The United States had also refused Texas’s request to be annexed to the United States.

Detailed explanation-4: -– 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.

There is 1 question to complete.
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