Days 1 & 2 - Unit 9:Texas Oil Industry Flashcard

Front

What year did the accidental oil strike occur in Corsicana, Texas?

Back

1894

Front

Where did the largest oil discovery at the time occur on January 10, 1901?

Back

Beaumont at Spindletop

Front

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

Back

Boomtowns

Front

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

Back

It led to the expansion of the transportation and automobile industries.

Front

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

Back

Businesses that needed banking, insurance, transportation, and legal services.

Front

How did the oil boom affect the focus of the Texas economy?

Back

It shifted from agriculture to industrialization.

Front

What did the growing railroad and transportation industries require that benefited Texans?

Back

Additional roads and tracks for access to new markets

Front

What invention by Howard Hughes, Sr. transformed the oil industry?

Back

The rotary drill bit

Front

What economic cycle is described as occurring during different periods in Texas' history due to fluctuations in oil supply and demand?

Back

The boom-and-bust cycle

Front

What was one of the impacts of the oil industry on Houston and Dallas?

Back

Urbanization and increase in population