Answer:
Boomtowns
Explanation:
One of the early effects of industrialization in Texas was the development of company towns and BOOMTOWNS.
Given that Boomtown is a place or town which is characterized by its sudden and quick rise in population and economic development as a result of industrial activities such as exploration and mining activities.
In the early stage of Texas, industrialization led to the development of company town particularly Beaumont city due to the presence of Spindletop which is an oil field for oil exploration for companies such as Gulf Oil, Texaco, and Humble. The effect also led to the development of boomtown like Houston which is in the south of Beaumont.
When people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
<h3>What is demand-pull inflation?</h3>
Demand-pull inflation is a monetary phenomenon where demand exceeds supply and increases prices.
- When the prices of raw materials/labor increase, it leads to an increase in the costs of production and results in higher prices for the consumers.
In conclusion, when people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
Learn more about demand-pull inflation here:
brainly.com/question/22872023
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Answer:
Explanation:
According to an act of Congress, the Oregon trail begins in Independence, Missouri, and ends in Oregon City, Oregon. Unofficially, the starting point could be Council Bluffs, St. Joseph, Saint Louis, or possibly other places.
