A worldwide financial panic fueled by tight credit and the collapse of the real estate boom spread from country to country. Meanwhile, the president promised to veto any legislation he considered inflationary and damaging to the economy.

That’s the way things were 170 years ago for the fledgling Republic of Texas.

“It was eerily similar to today,” said Merrill Lynch vice president James Bevill, who is president of the Texas Numismatic Association.

Money printed by Texas while it was an independent country will be on display in Houston starting Friday at the association’s winter coin and currency show. Read Full Story