What did the Colonization Law of 1823 do for Stephen Austin?

On August 18, 1824, the new Mexican government passed the General Colonization Law. This statute allowed foreigners to gain title to land that was not within 20 leagues of the border of another country or within 10 leagues of the coast. Settlers would be exempt from taxes for ten years.

all of the following apply except for (a. excessive credit on real estate resulting in defaulted loans.

in 1819, panic swept the country due,in part, to the rapid expansion of american manufacturing during the war of 1812 and the distress caused by the post-war british competition. the rapid expansion of american farming was another factor.

explanation: