Texas economy in 1834?(1 point)
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.
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.
1 answer
The statement that best explains Colonel Juan Almonte's conclusions about the Texas economy in 1834 is:
The Texas economy was growing despite the scarcity of real money.
This highlights an important aspect of the economic situation in Texas during that time, where trade and economic activity were occurring through alternative means despite the limited availability of currency.
