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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


Volume 13 Number 3
Winter 2009

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