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Texas Treasury Notes and the Election of 1844
By Gary M. Pecquet
Clifford F. Thies

This article appeared in the Fall 2006 issue of The Independent Review


Abstract

The U.S. presidential election of 1844 pitted James Polk, who favored the immediate annexation of Texas, against Henry Clay, who favored annexation only if other conditions were met. Financial-market data from that era provide important clues about the public’s changing estimations of who would win.



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”
    Winter 2009   Texas Treasury Notes after the Compromise of 1850

Other Independent Review articles by Clifford F. Thies
    Fall 2014   Repudiation in Antebellum Mississippi
    Fall 2010   The Shaping of a Future President's Economic Thought: Richard T. Ely and Woodrow Wilson at “The Hopkins”
    Winter 2009   Texas Treasury Notes after the Compromise of 1850



Volume 11 Number 2
Fall 2006

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