Which of the following statements accurately explains how the boom-and-bust cycle affected a specific set of Texas industries?(1 point)

Responses

A boom in the oil and gas industry led to population declines in cities and fewer home sales, contributing to a bust in the real estate industry.
A boom in the oil and gas industry led to population declines in cities and fewer home sales, contributing to a bust in the real estate industry.

A boom in land sales and home builds in the real estate industry took away land for pastures, contributing to a bust in the cattle industry.
A boom in land sales and home builds in the real estate industry took away land for pastures, contributing to a bust in the cattle industry.

A boom in the railroad industry resulted in busts in both the cattle and cotton industries as pastures and farmland were destroyed to build railways.
A boom in the railroad industry resulted in busts in both the cattle and cotton industries as pastures and farmland were destroyed to build railways.

A surplus of open-range cattle during and after the Civil War resulted in a boom in both the cattle and cotton industries.

1 answer

The statement that most accurately explains how the boom-and-bust cycle affected specific Texas industries is:

A boom in land sales and home builds in the real estate industry took away land for pastures, contributing to a bust in the cattle industry.

This statement reflects the impact of urban development on agricultural land, highlighting how increased demand for residential and commercial properties can lead to diminished resources for cattle ranching and, consequently, a bust in that industry.