Unit 9 Test Review

A time period of large profit followed by a significant decline

in profit. This cycle is very apparent in industries, such as oil and gas, but this cycle can affect other industries as well.

• Boomtown

• Boom and Bust

• Supply and Demand

• Spindletop

Most geographic areas in Texas have oil or natural gas deposits

• True

• False

Spindletop is significant to Texas history because.....

Choose all that apply

• It was the site of the first major discovery of oil in Texas.

• Many people started to move there in hopes to become rich off of oil.

• The oil discovered led to more rigs being built in the surrounding area.

• It helped lead to the development of other cities and other industries in the state of Texas

What was a significant effect of the oil boom on Texas urban development?

• Cities experienced population decline

• Urban areas saw significant growth

• Industrial centers relocated to rural areas

• Cities became more agriculture-focused

How did the discovery of oil at Spindletop impact Texas' economy?

• It led to a decline in agricultural production

• It caused a decrease in population growth

• It stimulated growth in multiple industries

• It reduced the state's industrial development

How did Texas towns change during the early 20th Century (early 1900's)?

• They were industrial centers

• They were temporary settlements

• They focused on ranching

• They were primarily agricultural

What was a major economic concern during the oil boom period?

• Lack of foreign investment

• Shortage of workers

• Overproduction of agriculture

• Reliance on a single industry

Which region became the immediate target for oil prospecting after Spindletop?

• The Panhandle

• The Gulf Coast area

• South Texas

• West Texas

Which was not affected by the oil industry?

• transportation

• employment/unemployment rates

• industrial growth

• conservation

Which of the following was an impact of the Galveston Hurricane of 1900?

Pick 2

• 
  Investors and industries were moved inland due to safety concerns

• coastal development increased

• Industries left the state completely

• Coastal population decreased while increasing further inland