Question

Which of the following statements accurately explains one way the oil industry caused the industrialization of the Texas economy?(1 point) Responses The oil industry engaged in the practice of stock watering to maintain control over shipping rates. The oil industry engaged in the practice of stock watering to maintain control over shipping rates. The oil industry created a monopoly on raw goods and natural resources, so more factories were built to manufacture goods. The oil industry created a monopoly on raw goods and natural resources, so more factories were built to manufacture goods. The Texas economy remained focused on agriculture because oilfields enriched the soil with important nutrients. The Texas economy remained focused on agriculture because oilfields enriched the soil with important nutrients. The Texas economy focused more on manufacturing because oil fueled the machines that produced goods.

Answer 1

The statement that accurately explains one way the oil industry caused the industrialization of the Texas economy is: "The Texas economy focused more on manufacturing because oil fueled the machines that produced goods."

This statement highlights the role of oil in providing the energy necessary for manufacturing processes, which contributed to the industrialization of the Texas economy.