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Texas Amalgamated Oil Co. - 1920 dated Stock Certificate - Part of the Texas Oil Boom

Inv# OS1745   Stock
Texas Amalgamated Oil Co. - 1920 dated Stock Certificate - Part of the Texas Oil Boom
State(s): Texas
Years: 1920

Stock printed by Goes. Dallas County, Texas. Several events in the 19th century have been regarded as a beginning of oil-related growth in Texas, one of the earliest being the opening of the Corsicana oil field in 1894. Nevertheless, most historians consider the Spindletop strike of 1901, at the time the world's most productive petroleum well ever found, to be the beginning point. This single discovery began a rapid pattern of change in Texas and brought worldwide attention to the state.

By the 1940s, the Texas Railroad Commission, which had been given regulatory control of the Texas oil industry, managed to stabilize American oil production and eliminate most of the wild price swings that were common during the earlier years of the boom. Many small towns, such as Wortham, which had become boomtowns during the 1920s saw their booms end in the late 1920s and early 1930s as their local economies collapsed, resulting from their dependence on relatively limited petroleum reservoirs. As production peaked in some of these smaller fields and the Great Depression lowered demand, investors fled. In the major refining and manufacturing centers such as Beaumont, Houston, and Dallas, the boom continued to varying degrees until the end of World War II. By the end of the war, the economies of the major urban areas of the state had matured. Though Texas continued to prosper and grow, the extreme growth patterns and dramatic socioeconomic changes of the earlier years largely subsided as the cities settled into more sustainable patterns of growth. Localized booms in West Texas and other areas, however, continued to transform some small communities during the post-war period. Read more at https://en.wikipedia.org/wiki/Texas_oil_boom

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Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
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