How did the discovery of oil launch Texas into a boom?

The first Texas oil boom arrived in the summer of 1894 when the Corsicana oilfield is discovered by a drilling contractor hired by the city to find water. Residents annually celebrate the 1894 discovery with a Derrick Day Chili & BBQ Cook-Off.

An oil well that produced less than three barrels a day transformed Corsicana, Texas, from a sleepy agricultural town into a petroleum and industrial center. It launched industries, including service companies and manufacturers of the newly invented rotary drilling rig. Locals consider the 1894 Corsicana oilfield discovery well, drilled on South 12th Street, the first significant commercial oil discovery west of the Mississippi (Kansans claim the 1892 Neodesha oil well).

Although it was not the first oil well in Texas, the discovery soon led to others that established the state’s exploration and production industry. Corsicana reportedly built the first refinery west of the Mississippi. It also was home to Wolf Brand Chili.

Explanation:

I hope that helps you. I don't know if it is wrong or right, but good luck:)

when a country suffers, for example, a drought period, the market product is affected for a low offer, in this case, potatoes; the government has to tax to the households, which have to give more money for the potatoes which they consume, that situation make them consume substitute goods even through loans, it could increase the financial market movement and the inflationary phenomena, the business has to increase salaries in order to the employees could buy a more expensive food (potatoes) and in order to inflation tha business had to buy expensive supplies in the factor market, while the rest of the world have to gain more money to consume the same amount of potatoes.