Answer the following question in 3-4 complete sentences.
How did New Mexico's economy change in the early twentieth century?
1 answer
In the early twentieth century, New Mexico's economy underwent a significant transformation. The discovery of oil and natural gas reserves led to a boom in the energy industry, which became a major driver of the state's economy. Additionally, the construction of the Santa Fe Railroad and the establishment of military bases brought new opportunities for growth and development. These changes helped diversify New Mexico's economy and reduce its dependence on traditional industries like agriculture and mining.