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    23.3 Effects of The Oil Boom

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    John Ross Moron
    The oil boom in Texas in the early 20th century attracted thousands of workers to newly formed boomtowns near oil fields. These boomtowns were crowded, dirty places where workers lived in tents and shacks. The growing automobile industry and discovery of other uses for oil products like gasoline and petrochemicals guaranteed a large market for Texas oil. The oil industry generated tax revenue for Texas and donations from oil producers that funded education, healthcare, arts and other institutions, leaving a significant lasting impact on the state.

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    23.3 Effects of The Oil Boom

    Uploaded by

    John Ross Moron
    47 views16 pages
    The oil boom in Texas in the early 20th century attracted thousands of workers to newly formed boomtowns near oil fields. These boomtowns were crowded, dirty places where workers lived in tents and shacks. The growing automobile industry and discovery of other uses for oil products like gasoline and petrochemicals guaranteed a large market for Texas oil. The oil industry generated tax revenue for Texas and donations from oil producers that funded education, healthcare, arts and other institutions, leaving a significant lasting impact on the state.

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    About Oil

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    23.3

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    The oil boom in Texas in the early 20th century attracted thousands of workers to newly formed boomtowns near oil fields. These boomtowns were crowded, dirty places where workers lived in tents and shacks. The growing automobile industry and discovery of other uses for oil products like gasoline and petrochemicals guaranteed a large market for Texas oil. The oil industry generated tax revenue for Texas and donations from oil producers that funded education, healthcare, arts and other institutions, leaving a significant lasting impact on the state.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    47 views16 pages

    23.3 Effects of The Oil Boom

    Uploaded by

    John Ross Moron
    The oil boom in Texas in the early 20th century attracted thousands of workers to newly formed boomtowns near oil fields. These boomtowns were crowded, dirty places where workers lived in tents and shacks. The growing automobile industry and discovery of other uses for oil products like gasoline and petrochemicals guaranteed a large market for Texas oil. The oil industry generated tax revenue for Texas and donations from oil producers that funded education, healthcare, arts and other institutions, leaving a significant lasting impact on the state.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
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    of 16

    23.

    3 Effects of the Oil Boom


    Boomtowns
     The spectacular
    fortunes made in the
    oil business drew
    thousands of people
    to the Texas oil fields
    and nearby towns.
     Called boomtowns
    because they grew
    along with economic
    booms.
     The towns were
    crowded, dirty and
    rough places.
    Boomtowns
     Texans arrived at these
    towns seeking work in the
    oil industry.
     Oil field workers lived in
    tents or wooden shacks.
     The dirt streets of the town
    became rivers of mud
    when it rained.
     Above all, boomtowns
    were busy places where
    people were trying to
    make money.
    The Automobile and Petrochemical
    Industries
     Oil companies grew
    at a time when
    electricity was
    rapidly replacing
    kerosene for
    lighting homes.
     Fortunately for oil
    producers, new
    uses for petroleum
    were being
    discovered
    The Automobile and Petrochemical
    Industries
     Because oil was
    cheaper than coal, it
    quickly replaced coal
    as fuel for steam
    engines.
     The use of
    automobiles with
    internal combustion
    engines was also
    increasing
     These engines use
    gasoline, and oil by-
    product
    The Automobile and Petrochemical
    Industry
     When Americans
    started to buy cars,
    the demand for
    gasoline went up.
     The growing
    popularity of the
    automobile
    guaranteed the Texas
    oil industry millions of
    customers.
    The Automobile and Petrochemical
    Industries
     Scientists continued to
    develop new uses for
    petroleum.
     Petrochemicals made from
    oil and gas, became an
    important part of the Texas
    economy.
     Petrochemical products
    include synthetic rubber,
    plastics, and carbon black,
    which is used to make ink,
    tires and other products
    Effects of the Oil Boom
     The oil boom attracted many
    young farm workers to jobs in
    the oil fields.
     Most drilling and production
    jobs were reserved for white
    workers.
     Despite facing discrimination
    in the oil fields, African
    American and Mexican
    American workers found jobs
    as teamsters and hauling
    goods to and from the oil
    fields.
     Many oil workers travelled
    from town to town as they
    followed new oil strikes
    The Effects of the Oil Boom
     The oil boom affected
    Texas politics and the
    environment.
     State officials began to
    pass restrictions designed
    to control parts of the oil
    industry.
     The legislature passed laws
    regarding abandoned wells
    and the protection of
    ground water from oil
    pollution.
     20 years later, the
    legislature made it illegal
    to waste oil and natural
    gas.
    The Effects of the Oil Boom
     In 1917, the legislature
    gave the Texas Railroad
    Commission, an agency
    originally created to
    regulate the railroads,
    authority to enforce laws
    concerning the petroleum
    industry.
     The commission set
    standards for spacing
    between wells and for
    pipeline transport of oil
    and gas.
     These rules helped prevent
    over drilling.
    The Effects of the Oil Boom
     The state government
    also began collecting
    taxes on oil production
    in 1905, taking in
    more than $101,000
    in taxes that year.
     By 1919, taxes
    collected on oil
    production rose to
    more than $1 million.
    The Effects of the Oil Boom
     This money helped fund the state
    government and education
    program for Texas children.
     Higher education in Texas also
    benefitted from the state’s oil
    production.
     In 1876, Texas also set aside 1
    million acres of land in West
    Texas for the Permanent
    University Fund.
    Texas A&M University
     Texas universities received money
    from the sale or use of this land.
     Santa Rita #1 oil well struck oil in
    1923 and the income went into
    the Permanent University Fund
     The Texas A&M University system
    and the University of Texas
    system continue to share the
    money in this fund.
    University of Texas
    The Effects of the Oil Boom
     Texas also benefitted
    from oil producer’s
    philanthropy – the
    giving of money or
    gifts.
     Hugh Roy Cullen gave
    large gifts to the
    University of Houston
    and the Texas Medical
    Center

    Texas Medical Center


    The Effects of the Oil Boom
     Walter William
    Walter Fondren and Sid
    William
    Fondren
    Richardson both
    gave money and
    gifts to Texas
    schools, hospitals
    and other social
    Sid
    institutions
    Richardson
    The Effects of the Oil Boom
     Other oil producer
    gave generously to
    the arts in Texas.
     John and
    Dominique de
    Menil established a
    collection of more
    than 10,000 works
    of art for public
    Dominique de Menil
    display.
    The Effects of the Oil Boom

     Oil producers have provided many jobs


    and spurred related industries in Texas

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