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. General Winfield Scott's entrance into Mexico City, September 14, 1847, is depicted in this print by Carl Nebel. 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.