Responses
A surplus of open-range cattle during and after the Civil War resulted in a boom in both the cattle and cotton industries.
A surplus of open-range cattle during and after the Civil War resulted in a boom in both the cattle and cotton industries.
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 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 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.
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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 highlights how the expansion of real estate and urban development can negatively impact the cattle industry by reducing available grazing land, leading to overproduction and subsequent market corrections or "busts".
