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Anna11 [10]
3 years ago
6

Describe the causes of the boom and bust cycles of the Texas oil industry.

History
1 answer:
ANEK [815]3 years ago
5 0

Answer:

Boom cycle contributors include: Several successful oil drillings in South, North-Central, and East Texas New innovations: drilling and oil refinery Success of the automobile industry Things that led to a decline, or bust, in the industry include: An oil surplus that led to a decrease in oil prices Environmental hazards Dry wells.

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kap26 [50]

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B could be rewritten, like so - 

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Answer:

a. The Permanent University Fund was used by the Texas legislature to put a halt to the expansion of oil production in Northern Texas.

Explanation:

Option A provides the statement that is false. In this question, we learn about the Permanent University Fund (PUF). This fund was not used by the Texas legislature to put a halt to the expansion of oil production in Northern Texas. Instead, the Permanent University Fund (PUF) was created by the state of Texas in order to fund public education in the state. The fund can only be used in public universities located within Texas.

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