The Oil Boom

The Oil Boom

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  • I'm in an oil field
  • You're right
  • Oil is a good resource
  • •Click to Edit Description The oil strike at Spindletop happened January 10, 1901 in Spindletop hill. This marked the beginning of a new Texas era.
  • Click to Edit DescriptionPrices dropped to three cents a barrel. The boom-and-bust(alternating periods of growth and depression) cycle affected the economy by all sorts of companies wanting to find oil to make money.
  • Farmers wanted to go work in the oil fields. Oil producers didn't make much gas because of the oil boom. This changed as more Americans began to buy cars.
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