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What limit did the 1851 constitution set on state debt?

  1. $500,000

  2. $750,000

  3. $1,000,000

  4. $2,000,000

The correct answer is: $750,000

The 1851 constitution set a limit of $750,000 on state debt. This limit was put in place to prevent the state from accumulating too much debt, which could lead to financial instability. Option A is incorrect because $500,000 was the limit set by the previous constitution in 1846. Option C and D are incorrect because they exceed the limit set by the 1851 constitution. It is important for a state to have a limit on its debt to ensure responsible and sustainable spending. Therefore, option B is the correct answer.