What 1901 event transformed the Texas economy from an agricultural climate to a more oil-based climate?

Question

Quizplus · Accepted Answer

The discovery of oil at Spindletop in 1901 led to the rapid growth of the oil industry in Texas, which transformed the economy from an agricultural-based one to one based on oil production. This event brought a new era of prosperity to Texas and helped the state become one of the leading oil-producing states in the United States.

What 1901 Event Transformed the Texas Economy from an Agricultural