spindle top is an oil derrick that gushed enormous amounts of oil and everybody wanted to move there because there was so much oil that is flooded the market. The amount of oil is so much that it was bad for the economy because the oil prices went down because there was so much of it. This was the oil boom.
the history behind spindle top is that one guy noticed a different looking hill and he always thought there was oil in it. It turned out he was right and they hit the oil jackpot
population before and after the spindletop
Amarillo year:1900 population:1442 year:1940 population:51,686
Beaumont year:1900 population:9427 year:1940 population:59,061
Houston year:1900 population 44,633 year 1940 population 384,514
Wichita falls year 1900 population 2480 year 1940 population 45,112