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After the many wars that Texas fought to gain their independence from Mexico they had alot of dept. Sam Houston was the first president of the Republic of Texas. He helped Texas get out of some of the dept but not all of it. Since each president could only have 2 years per term Sam Houston could not be elected again. The second president of Texas was M. B. Lamar, he however put Texas in more dept than what is was after Sam Houston's first term. After M. B. Lamar's 2 year term Sam Houston became the president of the Republic of Texas. Again Sam Houston helped Texas out of dept but not completely. The 4th term president of the Republic of Texas was Anson Jones. Jones was not president long before Texas became the 28th state of the Unites States. The United States helped Texas out of dept.

When Texas wanted to be annexed be the United States some Americans refused because they didn't want to pay the dept that Texas was in. At some point Texas was annexed by the United States, and then became dept free.

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