Texas is nicknamed the Lone Star State for its former status as an independent republic. The Lone Star can be found on the Texas state flag and the Texas state seal. Spain was the first European country to claim and control the area of Texas. Following a short-lived colony controlled by France, Mexico controlled the territory until 1836 when Texas won its independence, becoming the Republic of Texas. In 1845, Texas joined the United States as the 28th state. The state's annexation set off a chain of events that led to the Mexican–American War in 1846. Following victory by the United States, Texas remained a slave state until the American Civil War, when it declared its secession from the Union in early 1861 before officially joining the Confederate States of America on March2. After the Civil War and the restoration of its representation in the federal government, Texas entered a long period of economic stagnation.
Historically, four major industries shaped the Texas economy prior to World War II: cattle and bison, cotton, timber, and oil. Before and after the Civil War, the cattle industry—which Texas came to dominate—was a major economic driver and created the traditional image of the Texas cowboy. In the later 19th century, cotton and lumber grew to be major industries as the cattle industry became less lucrative. Ultimately, the discovery of major petroleum deposits (Spindletop in particular) initiated an economic boom that became the driving force behind the economy for much of the 20th century. Texas developed a diversified economy and high tech industry during the mid-20th century. , it has the most Fortune 500 company headquarters (53) in the United States. With a growing base of industry, the state leads in many industries, including tourism, agriculture, petrochemicals, energy, computers and electronics, aerospace, and biomedical sciences. Texas has led the U.S. in state export revenue since 2002 and has the second-highestgross state product. (Full article...)
The Lucas gusher at Spindletop, the first major gusher in Texas
The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas. The find was unprecedented in its size (worldwide) and ushered in an age of rapid regional development and industrialization that has few parallels in U.S. history. Texas quickly became one of the leading oil-producing states in the U.S., along with Oklahoma and California; soon the nation overtook the Russian Empire as the top producer of petroleum. By 1940 Texas had come to dominate U.S. production. Some historians even define the beginning of the world's Oil Age as the beginning of this era in Texas.
The major petroleum strikes that began the rapid growth in petroleum exploration and speculation occurred in Southeast Texas, but soon reserves were found across Texas and wells were constructed in North Texas, East Texas, and the Permian Basin in West Texas. Although limited reserves of oil had been struck during the 19th century, the strike at Spindletop near Beaumont in 1901 gained national attention, spurring exploration and development that continued through the 1920s and beyond. Spindletop and the Joiner strike in East Texas, at the outset of the Great Depression, were the key strikes that launched this era of change in the state. (Full article...)
Image 5The Praetorian Building in Dallas, completed 1909, was the first skyscraper west of the Mississippi and the tallest in Texas. (from History of Texas)
Image 17Boom periods of the four major industries that built the early Texas economy. (from History of Texas)
Image 18Captain Charles A. May's squadron of the 2d Dragoons slashes through the Mexican Army lines. Resaca de la Palma, Texas, May 1846 (from History of Texas)
Image 22The Missouri-Kansas-Texas Railroad --the "Katy"--was the first railroad to enter Texas from the north (from History of Texas)
Image 23The Republic of Texas. The present-day outlines of the U.S. states (white lines) are superimposed on the boundaries of 1836–1845. (from History of Texas)