General obligation bonds are a type of municipal government bond, which is government debt issued to raise money to finance public improvements. A general obligation bond is a municipal bond backed by the credit and taxing power of the issuing jurisdiction, rather than the revenue from a given project.
The Mexican-American War began because of a clash between the Mexican Army and the US Army in the disputed border area called the Neuces Strip (See the Thornton Affair-see Related Link shown below).
The Mexican-American War. When war broke out against Mexico in May 1846, the United States Army numbered a mere 8,000, but soon 60,000 volunteers joined their ranks. The American Navy dominated the sea. The American government provided stable, capable leadership.