The East Texas Oil Boom began in the early 1930s when oil was discovered in the region, particularly around the town of Kilgore. This discovery led to a rapid influx of people and investment, transforming the local economy. The boom created thousands of jobs and attracted workers from across the country, eager to capitalize on the newfound wealth. As oil production surged, the area became one of the largest oil fields in the United States, significantly impacting the global oil market. The boom also led to the establishment of various oil companies, including Texaco and Gulf Oil, which played crucial roles in the industry's growth and development.