Discovery Oil Boom
Impact
The oil industry boomed with the founding of surplus oil. Oil prices dropped, inventions now contribute from oil, and technology increased. Henry Ford created the first assembly made automobile, which helped create a vast empire of cars for everyone to buy. The prices of cars dropped to about 3 month pay of work, in order to buy one. Everyone was able to own cars due to the mass production of automobiles from Henry Ford.
Oil in present day helped create many new inventions that support modern day life. The long term effects of oil helped brought up new ideas on the production of oil.
Did you know Oil is used to make these Products too?
- Soap
- Perfumes
- Lipstick
- Toothpaste
- Tents
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