Age of Oil & The Great Storm

What year was oil discovered at Spindletop?

• 1901

• 1845

• 1821

• 1914

Oil was referred to as _________________________ since it had the power to make overnight millionaires.

• Crude Gold

• Crude Money

• Liquid Cash

• Black Gold

What nickname was given to towns that were created quickly due to the rush of people towards successful oil fields in Texas?

• "boom towns"
• "ghost towns"
• "oil towns"
• "rail towns"

Where was the first major Oil discovery in Texas?

• Spindle top

• Dallas

• Permian Basin

• East Texas

What caused the Texas economy to "Boom" in the early 1900s?

• Oil

• Cattle

• Cotton

• Railroads

A word that describes low production and low employment is what?

• Prosperity

• Boom

• Bust

• Recovery

Alternate periods of high and low levels of economic activity in the business cycle.

• Boom and Bust

• High and Lows

• Ups and Downs

• Increase and Decrease

1901 was significant to Texas history because in that year—

• the Republic of Texas was annexed by the United States

• the Civil War between the United States and the Confederacy

  broke out

• The current state constitution of Texas was adopted

• oil was discovered at Spindletop

An oil well that produces a large and forceful flow of oil is a

• Derrick

• Gusher

• Boomtown

• rig

What is name given to those in the oil industry looking for oil?

• mad dogs

• spitfires

• wildcatters

• super guys