Texas oil, cattle, and railroads and farming
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Railroads and Farming
The longhorn cattle were important because they could survive for a long time. They have long legs to travel farther and long strong horns for protection,they even can live without water for a long period of time . They eat cacti and can survive off of the water the cacti gives them. In addition the longhorns were immune to the disease other cattle got called Texas Fever.
The spindletop oil boom had a big effect on the local economy and national oil prices. With lots and lots of oil being produced it outpaced the national demand, causing the price of oil to drop. By 1902 the price of oil got so low all the way to 3 cents per barrel.This dramatic drop in prices were part of a boom-and-bust cycle, aka(alternating periods of growth and depression in an industry or economy.)
Some advantages of railroads over other types of transportation in texas are railroads were cheap, fast, and a very reliable way of transportation. A trip that takes two days by horse would take less than two hours by train.To add on it was also cheaper to ship goods by railroad than by wagon.Another advantage is wagon freight rates were averaged to about 1 dollar for every 100 pounds shipped 100 miles,while railroads rates were less than 50 cents for 100 pounds shipped 100 miles.
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