Why was Beaumont, Texas, called a boomtown during the early 1900s?(1 point)
Responses
Land 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.
Land 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.
Within a year of the discovery of oil near Beaumont, the town experienced significant increases in its population, economic activity, and business investment.
Within a year of the discovery of oil near Beaumont, the town experienced significant increases in its population, economic activity, and business investment.
Pennsylvania investors funded oil camps for small drilling companies to live in Beaumont while searching for oil deposits along the Gulf Coast of Texas.
Pennsylvania investors funded oil camps for small drilling companies to live in Beaumont while searching for oil deposits along the Gulf Coast of Texas.
Patillo Higgins and other investors wanted to build a manufacturing community in Beaumont because they predicted large oil deposits were located there.
All of the responses are correct. Beaumont, Texas, was called a boomtown during the early 1900s because of the following reasons:
1. Land prices in Beaumont increased dramatically after a large oil gusher was discovered in the middle of the town. The discovery of oil led to a sudden increase in demand for land, causing prices to skyrocket.
2. The discovery of oil near Beaumont attracted a significant influx of people, leading to a rapid population growth. This, in turn, stimulated economic activity and attracted business investment to the town.
3. Pennsylvania investors funded oil camps in Beaumont, allowing small drilling companies to live in the town while searching for oil deposits along the Gulf Coast of Texas. This investment further fueled the growth and development of the town.
4. Patillo Higgins and other investors believed that large oil deposits could be found in Beaumont, leading them to envision the town as a potential manufacturing community. Their predictions and investments played a crucial role in the boom that Beaumont experienced during this time.