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Texas Treasury Notes after the Compromise of 1850
By Gary M. Pecquet
Clifford F. Thies
This article appeared in the Winter 2009 issue of The Independent Review

Abstract

After the election of 1844, the U.S. Congress agreed to annex Texas on the condition that the new state assume the debt of the Republic of Texas and pledge its vast public lands against this debt. By 1850, however, the state of Texas had redeemed only a tiny fraction of the debt, and subsequent political developments left clear imprints in the financial markets.


Other Independent Review articles by Gary M. Pecquet
Spring 2013 The Calculus of Conquests: The Decline and Fall of the Returns to Roman Expansion
Fall 2010 The Shaping of a Future President's Economic Thought: Richard T. Ely and Woodrow Wilson at “The Hopkins”
Fall 2006 Texas Treasury Notes and the Election of 1844

Other Independent Review articles by Clifford F. Thies
Fall 2010 The Shaping of a Future President's Economic Thought: Richard T. Ely and Woodrow Wilson at “The Hopkins”
Fall 2006 Texas Treasury Notes and the Election of 1844