Unit 13 Oil Boom Review

Select all of the following options that are considered fossil fuels.

• Oil

• Coal

• Natural Gas

• Gold

In what year was oil discovered at Spindletop?

• 1901

• 1900

• 1903

• 1911

- Led to the creation of 600 oil companies

- Oil replaced lumber as the leading industry in Texas

- Inspired a statewide search for oil

All of the listed events above were effects of what?

• Discovery of oil at Spindletop

• The invention of cars

• The extinction of whales

• The discovery of gas in Texas

What is an economic engine?

• A product or idea that stimulates the economy, causing economic growth by creating other businesses

• A product or idea that hurts the economy, causing economic loss and the elimination of businesses

• A product or idea that does not effect the economy

• A product that leads to a downward shift in the economy

What is it called when a company buys up all the businesses in a particular manufacturing process.

• Vertical Integration

• Horizontal Integration

• Monopoly

• Boom and Bust

A person who drills exploration oil wells in areas not known to be oil fields; a prospector who looks for oil in unexplored places.

• Wildcatter

• Ruff Neck

• Drill bit

• Plantation owner

Expanding your business by buying businesses similar to your own; owning many businesses in a particular field.

• Horizontal Integration

• Vertical Integration

• Monopoly

• Tycoon

In what area was most oil production concentrated?

• In the Coastal Plains region near the Gulf of Mexico

• In the North Central Plains region closer to the border of Oklahoma

• In the Mountain and Basin region along the Rio Grande River

• In the Great Plains region, closer to Amarillo, Texas

True or False: The oil boom created new industries in Texas.

• True

• False

Which of the following was an effect of life in the oil fields following the oil boom in Texas?

• People traveled from everywhere in the world and were willing to be homeless to work in the oil industry.

• People became quickly uninterested in the oil industry.

• Many businesses lost lots of money due to investment in oil.

• People left Texas due to overcrowding.