Texas experienced___________ problem because of the large debt from loans it used to pay the administration of the new government

Answer 1

Texas experienced a financial crisis due to the large debt from loans it used to pay for the administration of the new government. This situation arose during the early years of Texas's independence and statehood, as the costs of establishing and maintaining a government, coupled with external pressures and the need for military defenses, contributed to a significant fiscal burden. The accumulation of debt created economic challenges that the state had to address in subsequent years.