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.
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.
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American HistoryBanking and FinanceEconomyElections and Election LawGovernment and PoliticsLaw and Liberty
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