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. Establishment of Spanish colony, As early as 1837 the Republic made several attempts to negotiate annexation with the United States. Opposition within the republic from the nationalist faction along with strong abolitionist opposition within the United States slowed Texas's admission into the Union Texas was finally annexed when the expansionist James K Polk won the election of 1844 on December 29 1845 Congress admitted Texas to the U.S as a constituent state of the Union. ; . .

As of 2018 Texas had a gross state product (GSP) of $1.8 trillion the second highest in the U.S. Its GSP is greater than the GDPs of Canada Russia South Korea and Spain which are the world's 10th- 11th- 12th- and 13th-largest economies respectively. Texas's economy is the fourth-largest of any country subdivision globally behind England (as part of the UK) California and Japan's Kanto region Its per capita personal income in 2009 was $36,484 ranking 29th in the nation, Electronic Data Systems headquarters in Plano, February 12 1960: 4.4 inches (11 cm) of snow. Infrastructure The Rice Lofts (formerly the Rice Hotel), Banking and financial services are vital to the region Forty foreign governments maintain trade and commercial offices here and the city has 23 active foreign chambers of commerce and trade associations. Twenty-two foreign banks representing 12 nations operate in Houston and provide financial assistance to the international community in 1997 Houston had offices of 84 subsidiaries of Japanese companies, Finance (131) 4.89 The new state grew rapidly as migrants poured into the fertile cotton lands of east Texas. With their investments in cotton lands and slaves Texas planters established cotton plantations in the eastern districts the central area of the state was developed more by subsistence farmers who seldom owned slaves. In 2012 the city was ranked number one for paycheck worth by Forbes and in late May 2013 Houston was identified as America's top city for employment creation, Constable Precinct 7 May Walker Democratic 12.3 Census-designated places Hospital services Cotton ranching and farming dominated the economy with railroad construction after 1870 a major factor in the development of new cities away from rivers and waterways Toward the end of the 19th century timber became an important industry in Texas as well in 1901 a petroleum discovery at Spindletop Hill near Beaumont was developed as the most productive oil well the world had ever seen the wave of oil speculation and discovery that followed came to be known as the "Oil Boom" permanently transforming and enriching the economy of Texas Agriculture and ranching gave way to a service-oriented society after the boom years of World War II Segregation ended in the 1960s due to federal legislation Politically Texas changed from the virtually one-party Democratic state achieved following disenfranchisement to a highly contested political scene until 2000 when it was solidly Republican the economy of Texas has continued to grow rapidly becoming the second-largest state in population in 1994 and became economically highly diversified with a growing base in new technology; .