Explain how public debt became an issue prior to the annexation of Texas.(1 point)

Question

Responses

Texas started off in debt and continued by taking loans and printing more money to make ends meet.
Texas started off in debt and continued by taking loans and printing more money to make ends meet.

Texas received a charter to open a bank prior to the start of the Texas Revolution, which created more debt for the state.
Texas received a charter to open a bank prior to the start of the Texas Revolution, which created more debt for the state.

Texas owed Mexico a lot of money for allowing Texas to break free.
Texas owed Mexico a lot of money for allowing Texas to break free.

Texas traded land for money owed with the Compromise of 1850, leaving it with less land to trade to get out of debt

Answer 1

and adding to its financial struggles.