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501(c)3 Texas wide nonprofit1801 Allen Parkway, Houston, TX 77019

tcee@economicstexas.orgwww.economicstexas.org * www.smartertexas.org

P: 713.655.1650 Presenter: Laura Ewing/President

TEXAS BOOMTOWNS: THE IMPACT OF OIL DISCOVERY ON A

COMMUNITY ECONOMIC VOCABULARY

1. demand supply goods and services profit2. price boomtown entrepreneur production

What Role Does Texas Council on Economic Education Play?

The Texas Council on Economic Education (TCEE)Teaches Teachers

Who Teach StudentsWho Are the Future of Texas

--John Anderson, TCEE Board Member

Smarter Texas Conference Summer 2016

Council for Economic Education Annual Conference

Thank you for supporting the training today!

Staff DevelopmentAnnually: 2200 Educators and 2.3 million students

• Economics

• Entrepreneurship

• Career/Business

• Financial Literacy

Playful Economics

Jean Walker, MBAWest TX A&M

Cheryl McGaughey, MBA, Angelo State U

Alberto Davila, Ph.D.UT Pan Am

Catherine RinhartProgram Director

Cindy ManzanoValerie JohseSmarter Texas Directors

Debbie MackeyStock Market Game™Director

Steve Cobb, Ph.D.University North TX

Susan Doty, MBAUT Tyler

Nancy Shepherd, Ph.D.Stephen F. Austin State University

Laura EwingTCEE President

Cherry FryeOffice Manager

Allen RedingWeb Manager

TCEE Center Directors and Staff Provide Training All Over The Great State of Texas In

After School Programs, Personal Financial Literacy (PFL), Social Studies Economics

Strand, Math PFL, Career/CTE, Entrepreneurship, Economics,

Paying For College

Three Student ProgramsDirectly Reach 22,000 students annually

Stock Market Game™Economics Challenge

Personal Financial Literacy (PFL) Challenge

10 week simulationGrades 4 through 12Teams of 2 to 5 studentsVirtual $100,000 to invest20,000 Texas students participate annuallyLegislative & Capitol Hill Challenges$10 team fees

Research indicates improved math scores on standardized tests

Students visit Dallas for the first time. Greenhill School parents thank TCEE.

InvestWriteOpen to students participating in the

Stock Market Game™Elementary, Middle and High School Competition

Cash prizes from TexasGreenhill High School National Winner visited Wall Street

First and 9th Place National Winners From Texas in 2014

How Do You Get These Materials?www.economicstexas.org

www.Smartertexas.org

Saving For CollegeThe Why, When, and How

• Published by RAISE Texas• Parent and Student Guides Written by TCEE• Download Book And Guides at

http://economicstexas.org/?page_id=5703

Grades K to 8 Math PFL Lessons

Visit resources:• Economics texas.org• Smartertexas.org

After School Programs: Never Too Young:

Personal Finance for Young Learners

Middle School After School tied to PFL Math

TEKS

After School Program for Elementary School Students in Personal Finance and Economics

17

Presentations Available Online“Recent Presentations”

The TCEE programs are made possible by the following TCEE partners.

copyDR.

EnviroChem

Services, Inc.

Trout Foundation

John Anderson

Less B. FoxRBC Wealth Management

John Ivie - ChairIvie Law Firm

Patricia HardyState Board of Education, Member District 11Weatherford ISD

Robert Smith IIIPresidentTexas A&M University Galveston

Lisa ClawsonPresident - AddisonHappy State Bank

Laura JaramilloSenior Vice PresidentGovernment & Community Relations GroupWells Fargo

Pete VillarrealEVP, Chief Administrative OfficerPlainsCapital Bank

Anthony DaddinoMeadows, Collier, LLP

Marcus McCueExecutive Vice PresidentGuardian Mortgage Co., Inc

Homer EriksonTCU University

Andrew DeLauroSenior Vice PresidentBB&T

Dawn MoederAssurance Services PartnerLane Gorman Trubitt, LLP

John Anderson- Director EmeritusAnderson Investments

Thomas Fleissner President and CEOHouston Information Team, LLC

Donna NormandinSenior Vice PresidentFrost Bank

Carol J. Trout - Director EmeritusTrout Foundation

Aaron GladstoneAssociateHilltop Holdings Inc.

Rob PivnickVice PresidentGoldman, Sachs & Co.

 James Cooper - ex officioJames C. Cooper, Inc.

Wayne GoettscheWKG Consult

Edmund P. Segner IIIProfessor/Civil & Environmental EngineeringRice University

 

Board of Directors

1801 Allen Parkway, Houston, TX 77019

P: 713.655.1650 F: 713.655.1655

www.economicstexas.org****WWW.smartertexas.org

Helping young people learn to think, choose and make better economic

decisions.

WHAT WOULD LIFE BE LIKE IF…

•25 new families moved into your neighborhood and every neighborhood in your area?•there were so many more people…what would you need?

WHAT WOULD LIFE BE LIKE IF…

•25 new families moved into your neighborhood and every neighborhood in your area?•there were so many more people…what would you need?

What do you see in these photos from 1901?What do you think these photos represent?Where is Beaumont, Longview?

SPINDLETOP CHANGED RURAL AREAS TO BOOMTOWNS

•Beaumont population grew from 9,000 people to 50,000 in three months.•Breckinridge population went from 600 in 1918 to 30,000 in 1919•February 1931 Longview grew from 5,000 to 10,000 in 2 months

•How would their lives have changed????

PRIMARY SOURCES

1. You are going to be in six different groups.2. Your group will read one primary source together.3. What goods and services are limited in supply?4. What factors caused an increased demand for G & S?5. What new occupations developed? Why?6. Are your lists of important goods and services the same as

those 100 years ago? Explain.7. What examples of entrepreneurship are there? What are

examples of profit motive?

SPINDLETOP CHANGED RURAL AREAS TO BOOMTOWNS

•Share your answers with your expert group.•Switch groups and share what you learned about the new story

PROCESS

1. Pretend that you live in a community that will soon have a huge boom in population.

2. It is a fictional town in the panhandle of Texas in Floyd County. There are 125 people now. You are close to highway 70.

3. Oil has been discovered and 1000 population is expected within 2 months

PROCESS 2

1. Floyd County: 125 to 1000 population in 2 months2. One gas station which sells groceries (mainly milk

and bread)3. Work in small groups to:

1. A. List problems2. B. What goods and services will they need?3. C. Make a list of actions needed to help people deal

with population boom.

WHAT IS FRACKING???

. Please read your section of the article: 

http://stateimpact.npr.org/texas/tag/fracking/?gclid=CO7FraGdp7ACFWLktgodhx46Yw

Answer the following questions. 1. What is fracking?2. Where is the fracking taking place? 3. What are three important points about what is

happening4. Using the map, what do you notice about locations?

WHAT ARE THE PROS AND CONS OF FRACKING?

Read your segment of the Eagle Ford Fracking Article and provide pro and con arguments concerning fracking. http://www.bloomberg.com/news/2011-12-20/eagle-ford-drilling-rush-may-boost-texas-tax-revenue-15-fold.htmlYou will meet with several other students. Each person will explain pros and cons of fracking. Make a list of the pros and cons discussed. Next, choose one pro and one con. Make a list of what you think the next steps should be for these?

What is the cost in Midland?

http://www.texastribune.org/2012/07/13/midland-oil-boom-strains-housing-schools/

$1,500 for a 400 square foot cabin in Midland oil prices are hovering above $80 a barrel, 

more than double their level of early 2009,  Permian Basin accounts for 

14 percent of the nation’s oil production.  population has swelled by about 8 percent in the last

two years, to about 120,000. There is talk of eventually hitting the 150,000 mark. Unemployment in Midland in May stood at just 3.8 percent — the lowest for a metro area in the state — followed by nearby Odessa at 4.3 percent.

Cost of living in Midland

oilfields offer generous pay, starting around $15 an hour

Besides subdivisions, cabins and RV parks, which are sometimes dubbed “man camps,” hotels are rapidly going up.

Modessa — it’s going to happen eventually  traffic fatality rate for the Permian Basin

area in 2010 was 2.5 times higher than in the rest of the state

housing shortages, busy roads and bursting schools. 

More on Fracking

http://www.statesman.com/weblogs/salsa-verde/2014/aug/13/texas-fracking-has-included-diesel-fuel-according-/

http://stateimpact.npr.org/texas/tag/fracking/

http://earthjustice.org/features/texas-and-fracking

http://www.sourcewatch.org/index.php/Texas_and_fracking

http://stories.weather.com/fracking

COMPARE BEAUMONT WITH SMALL TOWNS IN TEXAS TODAY WITH

FRACKING? Beaumont early

1900Small towns 2000s

What was the discovery?

Compare the roles that technology played in the discovery.

Compare the roles that geography played in the discovery.

What impact did these discoveries have on urbanization?

What were similar lifestyle and social changes and how the people handled them?

What were differences in lifestyles and social changes and how people handled them?

Process

What is the point?

What are the similarities and differences between Spindletop and today?