Why was Beaumont, Texas, called a boomtown during the early 1900s?(1 point) Responses 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. 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.
All of the above responses are correct. Beaumont, Texas, was called a boomtown during the early 1900s because of the following reasons:
- Patillo Higgins and other investors predicted large oil deposits were located in Beaumont and wanted to build a manufacturing community there.
- After a large oil gusher was discovered in the middle of the town, land prices in Beaumont saw a significant increase, from $150 per acre to nearly $20,000 per acre.
- Within a year of the oil discovery, the town experienced a significant increase 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.