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FlashCards
| Term | Definition |
|---|---|
| Corsicana | First significant oil reserve discovered |
| East Texas and Gulf Coast | Most of the oil/gas discovered between 1900-1940 |
| Spindletop | First oil boom in Texas 1901 |
| West Texas | Where most of the oil strikes were in the 1920s |
| Great Depression | Brought on by overproduction and Stock Market crash |
| Overproduction and what it caused | Too much produced causing prices to fall –government had to regulate |
| Lusitania | British ship with Americans aboard-Germans sank it-cause of WW1 |
| Zimmerman Telegram | Sent by Germany to Mexico-promised to help get Mexican land back-cause of WW1 |
| How Depression affected Texans | Did not suffer as much in the beginning-Few invested in Stock Market-few industrial workers- already poor before Depression |
| Dust Bowl | Drought brought on by over-plowing and no rain |
| Columbus M. Joiner | discovered oil reserve in East Texas which was largest in world as of 1930 |
| Anthony Lucas | hit oil at Spindletop |
| Francisco “Pancho” Villa | general in Mexican Revolution-became angry at the U.S. for recognizing his opponent |
| FDR | U.S. President who introduced the New Deal to bring the U.S. out of Depression |
| Center for oil companies? | Houston |
| Correct sequence | Spindletop, WW1, Stock Market crash, Dust Bowl |
| Boom | Time of good economy causing boom towns when oil discovered |
| Derrick | framework over an oil well to support drilling equipment |
| Geologist | scientist-studies origin/history of earth |
| Wildcatter | person who drills for oil in an area not known for oil |
| Allies WW1 | Great Britain-France-Russia |
| Central Powers WW1 | Germany-Austria-Hungary-Ottoman Empire |
| New Deal | FDRs plan to get the U.S. out of the Great Depression |
| WPA | program putting people to work during the Depression that built and improved buildings |
| Black Tuesday Oct 29,1929 | Stock Market Crash |
| FDIC | created to regulate banks, keeping people from losing money |