preview

What Are The Three Major Changes In Texas Economy

Decent Essays

Texas has had three major changes over time in its economy, starting with cotton and cattle followed by the boom of the oil industry and finally where we are now with the emergence of high-tech digital economy. Texas’ economy has exemplified the theory of creative destruction in multiple ways such as how cotton and cattle production were increased due to the railroad system, then when the oil wave hit the cotton and cattle production of rural areas were diminished but due to the highway system oil was easily exported to the national market.??????????
The oldest development in the Texas economy would be the cotton and cattle industry. Texas has long been one of the nations leading states in both cotton and cattle distribution ( 10,11).

Get Access