Why was Beaumont, Texas, called a boomtown during the early 1900s?(1 point)

Question

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.

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.

Patillo Higgins and other investors wanted to build a manufacturing community in Beaumont because they predicted large oil deposits were located there.

Answer 1

All of the responses given are correct. Beaumont, Texas, was called a boomtown during the early 1900s because land prices increased dramatically 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. Within a year of the oil discovery, the town experienced significant increases in its population, economic activity, and business investment. Additionally, Patillo Higgins and other investors wanted to build a manufacturing community in Beaumont because they predicted large oil deposits were located there.