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. 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. Patillo Higgins and other investors wanted to build a manufacturing community in Beaumont because they predicted large oil deposits were located there. Within a year of the discovery of oil near Beaumont, the town experienced significant increases in its population, economic activity, and business investment.
All of the statements provided explain why Beaumont, Texas, was called a boomtown during the early 1900s, as they all highlight the factors that led to rapid growth and development in the town after the discovery of oil.
Why was Beaumont, Texas, called a boomtown during the early 1900s?(1 point)
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.
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.
Within a year of the discovery of oil near Beaumont, the town experienced significant increases in its population, economic activity, and business investment.
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.
This statement captures the essence of why Beaumont, Texas, was called a boomtown during the early 1900s. The discovery of oil led to a rapid influx of people, a surge in economic activity, and increased investment in businesses.