Spain was the first European country to claim and control Texas. Following a short-lived colony controlled by France, Mexico controlled the land until 1836 when Texas won its independence, becoming the Republic of Texas. In 1845, Texas joined the United States of America as the 28th state. The state's annexation set off a chain of events that led to the Mexican–American War in 1846. Following victory by the United States, Texas remained a slave state until the American Civil War, when it declared its secession from the Union in early 1861 before officially joining the Confederate States of America on March2. After the Civil War and the restoration of its representation in the federal government, Texas entered a long period of economic stagnation.
Historically, five major industries shaped the Texas economy prior to World War II: cattle, bison, cotton, timber, and oil. Before and after the Civil War, the cattle industry—which Texas came to dominate—was a major economic driver and created the traditional image of the Texas cowboy. In the later 19th century, cotton and lumber grew to be major industries as the cattle industry became less lucrative. Ultimately, the discovery of major petroleum deposits (Spindletop in particular) initiated an economic boom that became the driving force behind the economy for much of the 20th century. Texas developed a diversified economy and high tech industry during the mid-20th century. As of 2022[update], it has the most Fortune 500 company headquarters (53) in the United States. With a growing base of industry, the state leads in many industries, including tourism, agriculture, petrochemicals, energy, computers and electronics, aerospace, and biomedical sciences. Texas has led the U.S. in state export revenue since 2002 and has the second-highestgross state product. (Full article...)
The city of Beaumont was founded in 1838. The pioneer settlement had an economy based on the development of lumber, farming, and port industries. In 1892, Joseph Eloi Broussard opened the first commercially successful rice mill in Texas, stimulating development of rice farming in the area; he also started an irrigation company (since 1933, established as the Lower Neches Valley Authority) to support rice culture. Rice became an important commodity crop in Texas and is now cultivated in 23 counties. (Full article...)
Image 9Boom periods of the four major industries that built the early Texas economy. (from History of Texas)
Image 10The Praetorian Building in Dallas, completed 1909, was the first skyscraper west of the Mississippi and the tallest in Texas. (from History of Texas)
Image 11Texas in 1718, Guillaume de L'Isle map, approximate state area highlighted, northern boundary was indefinite. (from History of Texas)
Image 14French Texas in 1685 consisted of Fort St. Louis on Matagorda Bay. (from History of Texas)
Image 15The Republic of Texas. The present-day outlines of the U.S. states (white lines) are superimposed on the boundaries of 1836–1845. (from History of Texas)
Image 26Captain Charles A. May's squadron of the 2d Dragoons slashes through the Mexican Army lines. Resaca de la Palma, Texas, May 1846 (from History of Texas)
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