Kilgore Economic Boom
PAST For the duration of the 1870s - the 1930s, how did Kilgore come to be? What affected the economy of Kilgore to go from nothing to booming? Kilgore was founded in the 1870s, by planters in the south. The city was made or formed when the International-Great Northern assembled a line among Palestine and Longview. It was named after Constantine Buckley George Kilgore. Kilgore started out as nothing, in 1885 it had a small population of 250. Through the years it was slowly getting larger and larger and there was a population of 1,000. But then in the late 1920s to the early 1930s, the great depression happened, which triggered cotton ( the main resource that Kilgore depended on) to decline. Causing the city’s population to decrease quickly, and as soon as 1930 the population went below 500. This forced many businesses to shut down. During the fall, the city went from a depressing nobody to an exciting new boom town. An oil well in east Texas was discovered! Once people heard about the oil well, they rushed into town. Within a few days’ thousands of folks flooded into Kilgore, setting up tents and shacks in every single unfilled vacant area. As a result, by 1936 the population rose to 12,000. Causing the economy boom, the area is now known as the “World’s Richest Acre.” PRESENT …show more content…
The jobs include the engineering, health, and oilfield work……. The cost of living in Kilgore is not high. Kilgore is 4% lower than Texas’s average, Cost of living. The expense of homes is 37% lower than the USA’s average. The average price per square foot is $66 which is lower than other places. Also, the current price listed of a house in Kilgore is
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