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- A combination of unexpected bounty in the form of mineral wealth and other resources, growing integration into the national economy of the United States (which itself underwent its own series of transformations), the growth of the service economy and the high technology industry, and the state's increasingly important geographic position at one of the frontiers of an extensive free trade area that includes Mexico and Canada, have all contributed to the ongoing transformation of the state.
texaspolitics.utexas.edu/educational-resources/transformation-texas-economy
Clearly, "King Cotton" became a central feature of the Texas economy, attracting considerable investment capital, labor power, and technological development. Other industries within the broader agricultural sector also grew considerably in late nineteenth century Texas, including ranching, timber, and corn.
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The late 1820s and 1830s were characterized by growing political tension despite--and perhaps because of--the deepening economic development in the territory. The population of Texas in 1820 was about 7,000, not much greater than it was in the first years of the century.
The actual unfolding of the transformation of the Texas economy was wholly unpredictable at the beginning of the 1800s when the territory was still a dangerous, desolate and dusty outpost, well beyond the frontier of substantial European settlement.
Nov 1, 2021 · The historian Carl Degler once wrote that capitalism came to North America “on the first ships,” and as simplistic as that might sound, he captured a wider sense that private property,...
The book also addresses the idea of capitalism in the work of thinkers such as Marx, Weber, and Schumpeter, and chronicles how criticism of capitalism is as old as capitalism itself, fed by its persistent contradictions and recurrent emergencies.
- Jürgen Kocka
Progressivism in Texas succeeded despite the use of outmoded agrarian solutions and the focus on political self-interest within a one-party system that revealed a bias against the domination of northern financial interests. Into the Twentieth Century: Texas Politics. Some governors were more committed to progressive reform than others.
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Jan 19, 2022 · Two decades into the twenty-first century, then, the question of whether Texas would change to meet the needs of a modern, diverse, economically interdependent society remained an open question. In 2020, two events served to underscore the challenges to realizing this goal.
