Which option best traces the sequential development of boom and bust cycles of texas

Answer 1

1. Discovery of oil in Texas leads to an economic boom in the early 20th century, followed by a bust during the Great Depression.
2. The rise of the tech industry in the 1980s and 1990s leads to another boom in Texas, followed by a bust during the dot-com crash in the early 2000s.
3. The real estate market boom in the mid-2000s leads to economic growth in Texas, followed by a bust during the subprime mortgage crisis of 2008.

Option 3 best traces the sequential development of boom and bust cycles in Texas, as it follows a more recent and specific timeline of events that directly impacted the state's economy.