What was one of the major financial problems during Lamar's presidency?
Understand the Problem
The question is asking about a significant financial issue faced during President Lamar's term in office, presenting several choices that relate to education funding, currency devaluation, taxation, and compensation for leaders.
Answer
Runaway spending led to a massive increase in public debt and near-worthlessness of the Texas redback currency.
One of the major financial problems during Lamar's presidency was runaway spending, which led to a significant increase in Texas's public debt and the devaluation of its currency, the Texas redback.
Answer for screen readers
One of the major financial problems during Lamar's presidency was runaway spending, which led to a significant increase in Texas's public debt and the devaluation of its currency, the Texas redback.
More Information
Lamar's ambitious spending, partly aimed at educational and frontier policies, strained the financial resources of the Republic of Texas. The currency's depreciation reflected a lack of trust in the government's financial stability.
Tips
Common mistakes include underestimating the impact of Lamar's military and educational expenditures on the Republic's finances, and not recognizing the scale of the currency devaluation.
Sources
- The web page with info on - Example Source - tsl.texas.gov
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