How did Mirabeau Lamar handle debt?

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2026-02-08 14:35

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Mirabeau Lamar, the second president of the Republic of Texas, took a strong stance against debt during his administration (1838-1841). He believed in reducing government spending and opposed the issuance of paper money, advocating instead for a more stable currency. His policies aimed to strengthen the economy through land sales and increased agricultural production, but his approach also faced criticism for being overly rigid and contributing to financial challenges for the government. Ultimately, while he sought to address debt, his methods led to mixed results for Texas's economy.

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