Tx23.3
Upcoming SlideShare
Loading in...5
×
 

Tx23.3

on

  • 1,437 views

 

Statistics

Views

Total Views
1,437
Views on SlideShare
565
Embed Views
872

Actions

Likes
0
Downloads
8
Comments
0

2 Embeds 872

http://txhistoryfms.wikispaces.com 849
https://txhistoryfms.wikispaces.com 23

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Tx23.3 Tx23.3 Presentation Transcript

    • Chapter 23: The Oil BoomSection 3: Effects of the Oil Boom
    • Boomtowns• Oil drew thousands of people to oil fields and nearby towns• Beaumont: 9,000  50,000• Sour Lake: village  10,000• Boomtowns crowded, dirty, and rough
    • The Automobile & Petrochemical Industries• The technological development that most assured the success of the oil industry was the automobile, with its internal combustion engine• These engines used gasoline
    • The Automobile & Petrochemical Industries• Petrochemical products: – Synthetic rubber – Plastics – Carbon black (used in tires, ink)
    • The Effects of the Oil Boom• 1899: Texas legislature began to try to protect groundwater from oil pollution• Legislature made it illegal to waste oil and natural gas
    • The Effects of the Oil Boom• 1917: State gave the Texas Railroad Commission authority to regulate the oil business
    • The Effects of the Oil Boom• 1905: State begins collecting taxes on oil• 1876: Legislature set aside 1 million acres in West Texas for the Permanent University Fund
    • The Effects of the Oil Boom Santa Rita No. 1—oil well that struck oil and helped establish the Permanent University FundPictures of Santa Rita No. 1
    • The Effects of the Oil Boom• The Texas A&M University System & University of Texas System use money from the Permanent University Fund
    • The Effects of the Oil Boom• Education in Texas has benefited from the oil industry: – Taxes on oil – Permanent University Fund – Philanthropy
    • The Effects of the Oil Boom• Philanthropy—giving money or gifts for charitable causes• Philanthropists give money to education, hospitals, & the arts• Oil industry created jobs and spurred industry