Oil and Economic Change in Texas

Oil and Economic heighten in Texas Oil and Economic Change, 1890 1945 register 226 F in all 2012 14 I. Connections a. Memory i. Texans were more than(prenominal) innovative and wanting to lead the sue into the west. ii. Memory agitates from s step forwardhern memory to Alamo Texas revolution. 1. 1890-1945 position changed as Texas preservation grew b. Politics iii. frequently been the case that politics either helps or hurts economic iv. Doesnt have a national organisation to actively execute the 13th, 14th amendments. v. One of the reasons for astounding harvest-time of Houston national enthronisation.More willing to go to federal government or state government. vi. politics helps to contract a more intellectual government c. The Beyond vii. Texas influenced by subvert s bulgeh as it moves to fightd succession. 2. Drug in by succession viii. Economic 3. Markets in Europe like fiber 4. Inventions of machines empowered by Petroleum 5. Had thither been no market , at that place would be no oil boom. a. Connections with all of these points. b. All part of the same chafe 6. Connections between economic things and other dramatic features. d. Slight decline in island communities ix.Going to the store, employ the dragoons through transportation x. Economic change had an effect on social change. 7. part of history, parts of transformation process II. accompaniment of the Market e. Transportation and conversation xi. mutation in the 1840s 8. Extensive sandbag construction and Texas has telegraph, radio and telephone. f. Money and banking xii. engineering of stuns and communications xiii. Texas after the civil war was land rich but funds woeful. xiv. Flow of capital was investments. 9. Became easier, had the creation of a better property and banking clay g.Consumer learn and supply xv. Someone has to work the system of supply and demand for fossil oil. xvi. Production of cotton much demands h. Texas was a place that had a relative ly sophisticated banking system. xvii. Reinvest earnings into topical anaesthetic banking economy. i. Economic Colonialism? xviii. People who mince the bills and control momentum have an ordinant control over prices of transportation and colonialism. 10. Large corporations milked Texas 11. Texas was adequate to(p) to react to economic colonialism c. Texans in banking out of state banks could not do furrow in the state of Texas. i.Only Texas banks so silver make in banking remained in Texas 12. xix. do oil and leaving cake on line of business car. 13. Put oil onto stock market. 14. Market becomes more sophisticated as money and banking increase xx. Same is line up of consumer demand and supply 15. Cash moreover scores xxi. Modern consumer site narrow down in one or twain things and buy what you need j. Greater stratigation perhaps we can make it up in land owner level. xxii. Poor got poor and the rich got richer xxiii. More people equal to(p) to listen to radio and pr edict where cotton prices could go and what they could do.III. Role of the government and uphill Culture k. Financing of Transportation and communication xxiv. Reason that Texas had a higher educational rating. xxv. Still have examples of usual or private xxvi. Investment in stem was important xxvii. Railroads paid for by public. 16. sporadically engaged in railroad intricacy 17. On some level unconstipated though some didnt make money. Texas as a whole made money. 18. Expands beyond simply growing cotton. uses train. 19. assiduity in Fort Worth. d. Huge and effective stock yards. e. Conducive for a oversized business like the shipyards became l.Regulation East Texas bailiwick xxviii. Dependable price for the freight that was brought in 20. Periodically engaged in railroad expansion 21. Over time railroad expansion expanded its duties 22. Huge crime syndicate that suddenly entered a market where the field had already entered the great depression 23. send east texas range rs into the rangers field to shut away price of petroleum. 24. Texas Railroad Commission f. establishment was effective for the success of the field of the Texas Economy m. Education xxix. Still have examples of public or private xx. Investment in infrastructure was important xxxi. Through 1945 there is a steady expansion by private schools, donors and universities. 25. Anti-colonialism xxxii. Texas Anti-monopoly law there was a great fear of standard oil. reverence of monopolized xxxiii. State attorney general sharp applied n. Anti-colonialism xxxiv. Tired levels of education that we had neer had before 26. High rate of translate on investment xxxv. Opportunity for investment and income IV. Oil and the multiplier factor Effect o. Corsicana and revolvedletop xxxvi. 850s-60s, 70s there wasnt a lot of use for it. 27. Wasnt until 1895 there was a significant field of oil. xxxvii. At first they didnt know what to do with it but soon word got out and it began to be sold as giv e the sack oil. 28. Instead of wasting a ternary of it in an oil field. 29. Well drill both salt owned in p. Connections, markets and government xxxviii. West Texas to East Texas xxxix. Ira and Anne Yates 30. brass provides ways for oil drillers. 31. Texas by 1945 was the scrap one maker of petroleum in the world. q. Expansion 1920 to 1945 xl.By 1945 Texas was number one producer in the world. 32. Geology and demands of drilling in Texas were limited in Texas 33. Houston in particular became sinners of not just petroleum companies. g. Expansion of petroleum possible. ii. Drilling, bowls, pike, storage facilities r. industrialization and urbanization xli. multiplier factor of more high tech, high practiced jobs. xlii. Goes into things like building big buildings and banks 34. Multiplier effect encourages industrialization and urbanization h. expect autumn in your hand iii.Heor has an plectrum of being a sharecropper 1. Spin off or multiplier effect. iv. Industrial effect. 2 . The world is quite different in terms of opportunity V. The Rise and expunge of King cotton s. Blackland Praries xliii. cotton fiber expands more and more produce cotton. 35. Cotton was more sophisticated t. Connections, markets and government xliv. People who had the money owned it and made the money u. Cotton firms like Anderson Clayton xlv. By 1960 it was the worlds biggest cotton conjunction 36. Perfected how to buy cotton as cheaply as possible i.How to look at cotton as cheaply as possible v. Doesnt matter whether it is a nickel a pound or a dollar a pound. 37. shining and understood the market v. Mechanization xlvi. break up by the Great Depression 38. outlay of Cotton is so low that the federal government acts to slow production. 39. Land owners satisfy money, invest in machinery, education, better strains of cotton. j. raft of nation, cotton no longer grown. k. prime of life anchorage of the late 1920s w. Cotton holiday of 1930 xlvii. Only 2% of the populatio n xlviii. Economic change of a transform society 40. After 1945 x. New grip