Tx23.3

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Tx23.3

  1. 1. Chapter 23: The Oil BoomSection 3: Effects of the Oil Boom
  2. 2. 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
  3. 3. 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
  4. 4. The Automobile & Petrochemical Industries• Petrochemical products: – Synthetic rubber – Plastics – Carbon black (used in tires, ink)
  5. 5. 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
  6. 6. The Effects of the Oil Boom• 1917: State gave the Texas Railroad Commission authority to regulate the oil business
  7. 7. 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
  8. 8. 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
  9. 9. The Effects of the Oil Boom• The Texas A&M University System & University of Texas System use money from the Permanent University Fund
  10. 10. The Effects of the Oil Boom• Education in Texas has benefited from the oil industry: – Taxes on oil – Permanent University Fund – Philanthropy
  11. 11. 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

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