The longhorns were brought in for the Texans beef supply. Their supply had dramatically been reduced by the end of the Civil War. SInce they were so popular, they usually sold for pretty cheap.
When the production peaked, they were producing less than the national demand. Because of this, the price dropped dramatically. This soon started a boom and bust cycle between the economy.
our oil company is growing so fast!!!!
The growth of new machinery and farming equipment increased the agricultural growth. Their crops made a boom in the farming industry. Their agricultural prices shot up from $10 to $40 million. Some of their machinery was rare and attracted more buyers.
Railroads and Farming
They established the first cattle ranches in Mexico. When they started to lose track of which cattle they owned, they started branding them or marking them. The Tejanos had also started the first cattle drives.
we were part of the first cattle ranch!!!
The Panhandle oil boom produced 39 million barrels in one single year so more people bought their oil. As more oil was produced, the more popular the oil boom got. The Texas Company grew bigger. More and more people move to get oil.
Their cotton sold for more per acre, so they had a major boom. Their prices shot up extremely over a short period of time. By 1878, their cotton bale numbers had tripled.