Why was Beaumont, Texas, called a boomtown during the early 1900s?(1 point)%0D%0AResponses%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.%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.%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%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%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%0ASkip to navigation%0D%0AHighlight%0D%0A%0D%0Apage 22 of 22
The correct answer is: Within a year of the discovery of oil near Beaumont, the town experienced significant increases in its population, economic activity, and business investment.
