Texas Republic Failure

The Texas Republic was a short lived empire was that had many problems but the main was debt it had a total debt of 12,436,991.34 but in our time it would be much more.The young nation had a rough start with debt in the beginning because of the costly revolution and mexico banning trade but the first president Sam Houston had to start out with 1 million dollars ,but Houston was good a money manager and kept government expense to minimum and tried to increase money for revenue. The government tied to collect money and collect property tax.1837 the Texas Congress confirmed Houston’s issue with Star Money. Most of Texas debt was because of Lamar’s spending he bought costly warships to guard the coast and increased the army spending and he also

He also had to deal with problems with inflammation, because Lamar over printed money causing mass inflammation were Texas Redbacks were only worth .12 U.S cents and most U.S merchants wouldn’t accept them. Sam Houston’s second term was mostly a money cutting term he spent less than 600,000 in a three year term. The Mier expedition was a costly military mistake it started with a mexican general attacking a southern texas town Sam sent 300 militia’s and they dealt with the mexicans and then the Texan militia decided to invade mexico taking a town. Mexico leader sent an army to capture the Texans in the town and the didn’t want kill everyone because that didn’t go so well in the revolution so the decided to execute every 10 soldiers. Debt was crippling so the only way out was to get was annexation and that’s what Houston’s solution was and campaigned saying no more debt if we join the U.S. and in 1845 that’s what happened but Texas still had some debt so the sold land from Wyoming, Colorado, Utah and New