How much national debt did Texas acquire after the Texas Revolution? a. 8 million dollars b. 2 million dollars c. 4.25 million dollars d. 1.25 million dollars. Please select the best answer from the choices provided A B C D

The Republic of Texas inherited from the provisional and ad interim governmentsqqv a debt estimated at $1.25 million. Of this, $100,000 was in the form of loans and the remainder in the form of claims for services and supplies. At the end of the republic the debt was officially estimated at $9,949,007. Postponement of the payment of the bulk of this debt was protracted over a period of eleven years, interest accumulating on it up to July 1, 1850. An official report on the debt in November 1851 reported the sum of claims filed at $6,480,748.58, interest due $3,166,504.56, and estimated unfiled claims with interest $2,789,738.20, or an estimated total debt of $12,436,991.34. The total debt included the revenue debt, for which the import duties levied by the republic had been pledged, and the nonrevenue debt of audited drafts and audited claims including an estimate of unfiled claims.

Explanation:

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