Which of the following statements accurately explains how the boom-and-bust cycle
affected a specific set of Texas industries? (1 point)
A boom in the oil and gas industry led to population declines in cities and fewer home sales,
contributing to a bust in the real estate industry.
A surplus of open-range cattle during and after the Civil War resulted in a boom in both the
cattle and cotton industries.
A boom in the railroad industry resulted in busts in both the cattle and cotton industries as
pastures and farmland were destroyed to build railways.
A boom in land sales and home builds in the real estate industry took away land for
pastures, contributing to a bust in the cattle industry.