Why was Beaumont, Texas, called a boomtown during the early 1900s?(1 point)%0D%0AResponses%0D%0A%0D%0ALand prices in Beaumont increased from $150 per acre to nearly $20,000 per acre after a large oil gusher was discovered in the middle of the town.%0D%0ALand prices in Beaumont increased from $150 per acre to nearly $20,000 per acre after a large oil gusher was discovered in the middle of the town.%0D%0A%0D%0AWithin a year of the discovery of oil near Beaumont, the town experienced significant increases in its population, economic activity, and business investment.%0D%0AWithin a year of the discovery of oil near Beaumont, the town experienced significant increases in its population, economic activity, and business investment.%0D%0A%0D%0APatillo Higgins and other investors wanted to build a manufacturing community in Beaumont because they predicted large oil deposits were located there.%0D%0APatillo Higgins and other investors wanted to build a manufacturing community in Beaumont because they predicted large oil deposits were located there.%0D%0A%0D%0APennsylvania investors funded oil camps for small drilling companies to live in Beaumont while searching for oil deposits along the Gulf Coast of Texas.
All of the above responses are correct. Land prices in Beaumont increased drastically after the discovery of a large oil gusher in the town, leading to significant population growth, economic activity, and business investment. Additionally, investors such as Patillo Higgins believed that there were large oil deposits in the area, leading to plans for a manufacturing community. Pennsylvania investors also funded oil camps in Beaumont for drilling companies searching for oil along the Gulf Coast of Texas. These factors combined to make Beaumont a boomtown during the early 1900s.
