Britain Was Interested in Developments in the Republic of Texas

question 27

Multiple Choice

Britain was interested in developments in the Republic of Texas because

• A) an independent Texas was a potential counterweight to the future growth of a powerful United States.
• B) Texas would be an important alternative source of cotton for the British textile industry.
• C) Texas threatened British influence in Central America and northern South America.
• D) British abolitionists were pleased that the Republic of Texas had outlawed slavery.
• E) the British navy wanted bases at Galveston and Corpus Christi.

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Definitions:

Maturities

The set dates when the principal amount of a debt instrument, such as a bond or loan, is to be paid back to the lender.

Unfunded Liabilities

Future retirement benefits and other obligations not covered by assets or financial reserves, often discussed in the context of pension plans.

Notes

Short-term or medium-term debt obligations issued by companies or governments.

Floating-Rate Bonds

Bonds with variable interest rates that adjust periodically based on a benchmark or index rate.