Texas Oil Boom
The Texas Oil Boom began in the early 1900s, significantly transforming the state's economy and society. It started with the discovery of oil at Spindletop in 1901, which led to a surge in oil production and attracted many workers and investors. This boom created numerous jobs and spurred the growth of cities like Beaumont and Houston.
As oil became a vital resource, Texas emerged as a leading oil producer in the United States. The boom also led to the establishment of major oil companies, such as Texaco and ExxonMobil, which played crucial roles in the global oil industry. The economic impact of the oil boom continues to influence Texas today.