Which of these statements best explains the conclusions that Colonel Juan Almonte made about the Texas economy in 1834?(1 point)

Question

Responses

The Texas economy was based on the exchange of agricultural products for cash in local settlements.
The Texas economy was based on the exchange of agricultural products for cash in local settlements.

The Texas economy was growing despite the scarcity of real money.
The Texas economy was growing despite the scarcity of real money.

The Texas economy prospered because settlers manufactured goods and luxury items that were exported to the United States and Mexico.
The Texas economy prospered because settlers manufactured goods and luxury items that were exported to the United States and Mexico.

The Texas economy improved due to an efficient system of roads and waterways.

Answer 1

The statement that best explains the conclusions that Colonel Juan Almonte made about the Texas economy in 1834 is:

The Texas economy was growing despite the scarcity of real money.

This reflects the context of the time, where the economy was developing and expanding even in the face of challenges such as a lack of stable currency.