Why was Beaumont, Texas, called a boomtown during the early 1900s?(1 point) Responses 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. Within a year of the discovery of oil near Beaumont, the town experienced significant increases in its population, economic activity, and business investment. 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.
All of the options listed are accurate reasons why Beaumont, Texas, was called a boomtown during the early 1900s. Specifically, Pennsylvania investors funded oil camps for small drilling companies to live in Beaumont while searching for oil deposits, and Patillo Higgins and other investors believed that large oil deposits were located there, leading to the development of a manufacturing community. After the discovery of oil near Beaumont, the town experienced significant increases in population, economic activity, and business investment. Additionally, land prices in Beaumont skyrocketed after a large oil gusher was discovered in the middle of the town.
whats the answer
The answer is: All of the options listed are accurate reasons why Beaumont, Texas, was called a boomtown during the early 1900s.
