Which option best traces the sequential development of boom and bust cycles of texas
1. Discovery of oil in Texas leads to an economic boom in the early 20th century, followed by a bust during the Great Depression.
2. The rise of the tech industry in the 1980s and 1990s leads to another boom in Texas, followed by a bust during the dot-com crash in the early 2000s.
3. The real estate market boom in the mid-2000s leads to economic growth in Texas, followed by a bust during the subprime mortgage crisis of 2008.
Option 3 best traces the sequential development of boom and bust cycles in Texas, as it follows a more recent and specific timeline of events that directly impacted the state's economy.