Age of Oil - Test Review

Front

What event in 1894 led to increased drilling for oil across east Texas?

Back

An accidental oil strike in Corsicana

Front

When did the largest oil discovery at the time occur in Beaumont at Spindletop?

Back

1901

Front

What term is used to describe settlements that appeared suddenly and grew quickly in Texas following the oil discoveries?

Back

Boomtowns

Front

What was the impact of the oil discovery at Spindletop on January 10, 1901?

Back

It gave birth to the Texas petroleum industry

Front

What was one of the effects of the discovery of oil and natural gas on industries in Texas?

Back

It provided a source of inexpensive fuel, leading to the expansion of the transportation and automobile industries.

Front

What new businesses were created as a result of the oil boom in Texas?

Back

Businesses for oil companies that needed banking, insurance, transportation, and legal services.

Front

How did the oil boom affect the Texas economy?

Back

It generated wealth for individuals and businesses, globalized the Texas economy, and shifted the focus from agriculture to industrialization.

Front

What did the growing railroad and transportation industries require that provided Texans with access to new markets?

Back

Additional roads and tracks

Front

Who invented the rotary drill bit that transformed the oil industry by drilling into places previously impossible to drill?

Back

Howard Hughes, Sr.

Front

What term is used to describe the cycle where the supply of oil exceeds demand, leading to a drop in prices, closure of businesses, and loss of jobs and homes in Texas?

Back

Boom-and-bust cycle