What was the economic impact of events such as the 1900 Galveston Hurricane and the development of the oil industry in Texas?

Pick a significant historical event and describe the effect upon the Texas economy in the 20th century.
Summarize the event and contrast what the “before and after” effects on the Texas economy were.

Guidelines:

Be specific in your details. Give examples.
Use your own words. You can paraphrase briefly, but give credit where credit is due.
Do not simply summarize the information but provide analysis (explain why the information is important).
Discuss any reflection you might have on what you learned.