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Asked by: Tatyana Atkins
business and finance gasoline pricesWhich industry causes the most change in the economic development of East Texas during the early 1900s?
People also ask, what industry revolutionized the economy in Texas starting in the early 1900s?
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.
Simply so, what was the leading industry in Texas by 1900?
From the Civil War to the end of the century lumbering and flour and grist milling were the leading industries, except that cottonseed crushing supplanted flour and grist milling in second rank, according to the census of 1900.
The three traditional economic activities in Texas are cotton, ranching and oil.
- Cotton growing started in the early days of Texas as many of the initial settlers were from the Southern US where cotton was king.
- Cattle ranching was a natural activity since land was cheap and abundant.