texas boomtowns: the impact of oil discovery on a community economic vocabulary

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TEXAS BOOMTOWNS: THE IMPACT OF OIL DISCOVERY ON A COMMUNITY ECONOMIC VOCABULARY 1. demand supply goods and services profit 2. priceboomtown entrepreneur production

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Texas Boomtowns: the Impact of Oil Discovery on A Community Economic Vocabulary. demand supply goods and services profit priceboomtown entrepreneur production. National CEE Conference. October 10-12, 2014 Dallas Texas National and Texas Based Presentations - PowerPoint PPT Presentation

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Page 1: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

TEXAS BOOMTOWNS: THE IMPACT OF OIL DISCOVERY ON A

COMMUNITY ECONOMIC VOCABULARY

1. demand supply goods and services profit2. price boomtown entrepreneur production

Page 2: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

National CEE Conference October 10-12, 2014 Dallas Texas National and Texas

Based Presentations Cost approximately

$150 and includes several meals

Page 3: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

TCEE STATE CONFERENCE Hotel Contessa, Riverwalk in San Antonio June 16-17, 2014 Elementary June 17-18 Secondary Audience:

K to 8 Math PFL TeachersK to 12 Economics Strand Social StudiesSecondary CTEEconomics Teachers

$160 covers registration, 4 meals and reception

Page 4: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

Personal Financial Literacy Challenge

Middle and High School

Fall and spring online challenges will determine state finalist candidates

“State Play-Offs” in Austin with cash awards for two top teams

HS national finals at Fed in St. Louis

Bellaire HS Houston 2nd in nation 2012

Page 5: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

STOCK MARKET GAME ™

INVESTWRITETeams of 2 to 5 students

Grades 4 to 12Cost: $10 a team

10 week Student Session 

Page 6: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

WWW/ECONOMICSTEXAS/ORG How Do You Get These Materials?

www.economicstexas.org

Page 7: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

WHAT WOULD LIFE BE LIKE IF…

•25 new families moved into your neighborhood and every neighborhood in your area?•there were so many more people…what would you need?

Page 8: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

What do you see in these photos from 1901?What do you think these photos represent?Where is Beaumont, Longview?

Page 9: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

SPINDLETOP CHANGED RURAL AREAS TO BOOMTOWNS

•Beaumont population grew from 9,000 people to 50,000 in three months.•Breckinridge population went from 600 in 1918 to 30,000 in 1919•February 1931 Longview grew from 5,000 to 10,000 in 2 months

•How would their lives have changed????

Page 10: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

PRIMARY SOURCES

1. You are going to be in six different groups.2. Your group will read one primary source together.3. What goods and services are limited in supply?4. What factors caused an increased demand for G & S?5. What new occupations developed? Why?6. Are your lists of important goods and services the same as those

100 years ago? Explain.7. What examples of entrepreneurship are there? What are

examples of profit motive?

Page 11: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

SPINDLETOP CHANGED RURAL AREAS TO BOOMTOWNS

•Share your answers with your expert group.•Switch groups and share what you learned about the new story

Page 12: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

PROCESS

1. Pretend that you live in a community that will soon have a huge boom in population.

2. It is a fictional town in the panhandle of Texas in Floyd County. There are 125 people now. You are close to highway 70.

3. Oil has been discovered and 1000 population is expected within 2 months

Page 13: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

PROCESS 2

1. Floyd County: 125 to 1000 population in 2 months2. One gas station which sells groceries (mainly milk

and bread)3. Work in small groups to:

1. A. List problems2. B. What goods and services will they need?3. C. Make a list of actions needed to help people deal

with population boom.

Page 14: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

WHAT IS FRACKING???

. Please read your section of the article: 

http://stateimpact.npr.org/texas/tag/fracking/?gclid=CO7FraGdp7ACFWLktgodhx46Yw

Answer the following questions. 1. What is fracking?2. Where is the fracking taking place? 3. What are three important points about what is happening4. Using the map, what do you notice about locations?

Page 15: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary
Page 16: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

WHAT ARE THE PROS AND CONS OF FRACKING? Read your segment of the Eagle Ford Fracking Article and provide pro and con arguments concerning fracking. http://www.bloomberg.com/news/2011-12-20/eagle-ford-drilling-rush-may-boost-texas-tax-revenue-15-fold.htmlYou will meet with several other students. Each person will explain pros and cons of fracking. Make a list of the pros and cons discussed. Next, choose one pro and one con. Make a list of what you think the next steps should be for these?

Page 17: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

COMPARE BEAUMONT WITH SMALL TOWNS IN TEXAS TODAY WITH FRACKING?

  Beaumont early 1900

Small towns 2000s

What was the discovery? 

   

Compare the roles that technology played in the discovery.

   

Compare the roles that geography played in the discovery.

   

What impact did these discoveries have on urbanization?

   

What were similar lifestyle and social changes and how the people handled them? 

   

What were differences in lifestyles and social changes and how people handled them?

   

Page 18: Texas Boomtowns:  the Impact of Oil Discovery on A Community   Economic Vocabulary

Process What is the point?

What are the similarities and differences between Spindletop and today?