Cattle, Oil, Railroads and Farming
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Texas longhorns were important to the Texas cattle industry because they could make buttons, cups, decorations, furniture, household items, and store gunpowder in them.
Every oil company was drilling for oil. As a result to this, oil prices hit an all-time low of three cents per barrel. The rush of oil at Spindletop soon led to the depletion of the field. By 1904, Spindletop was only producing 10,000 barrels per day. Most of the new companies went out of business when their wells dried up.
The arrival of rail lines was important to farmers because, farmers needed to transport goods to other farmers, customers, and shops if needed. They didn’t need to travel horseback, or risk death for the trip. Farmers also may have needed to travel to different towns or states to sell and advertise their goods. With the use of the rail line, they could get there sooner without goods spoiling.
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