Texas resolved its debt problems in the 1840s by adopting a series of financial reforms, including the establishment of a new currency and the implementation of strict budgetary controls. The state also sought assistance from the federal government, which included a loan and the negotiation of its annexation to the United States in 1845. This annexation helped stabilize Texas' finances by integrating it into the U.S. economy and providing access to federal resources. Additionally, the state implemented measures to enhance revenue through land sales and taxation.
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