Which option best traces the sequential development of boom-and-bust cycles in Texas? (1 point)

Answer 1

Option A: The discovery of oil in the early 20th century led to rapid economic growth and population expansion in Texas, creating a boom period. This was followed by a bust in the 1980s when oil prices plummeted, leading to widespread economic hardship and job losses. Subsequent periods of economic growth and decline have been influenced by fluctuations in the oil industry and other key sectors of the Texas economy.