Why did the economy of Texas struggle when it became a republic (after independence)?

Question

Question 7 options:

Texas was in debt

Texas outlawed slavery so there was a labor shortage

land was not available for settlers who moved to Texas

Texas had so much land that it was tough to trade

Answer 1

The economy of Texas struggled when it became a republic primarily because Texas was in debt. This was mainly due to the costs associated with securing independence from Mexico and establishing its own government. Additionally, Texas faced challenges in attracting settlers and developing its infrastructure, which further hindered economic growth. While land availability and trade difficulties may have played some role, the burden of debt was the primary factor impeding Texas' economy during its early years as a republic.