Economic and Political Development
Indianapolis entered a period of great prosperity at the beginning of the 20th century, and during this time the city witnessed great economic, social, and cultural progress. Much of this was due to the discovery in 1886 of a huge natural gas deposit in east-central Indiana, the celebrated Trenton Gas Field. A few years later, the discovery of oil in the area would follow. The Trenton Field formed the western portion of what was at the time the world's largest oil field and natural gas deposit, the Lima-Indiana Field (stretching from northwestern Ohio to east-central Indiana). The state government offered a free supply of natural gas to factories that were built there. This led to a sharp increase in industries such as glass and automobile manufacturing. However, the natural gas deposits were largely depleted by 1912 and completely gone by 1920, and the end of the Indiana Gas Boom along with the coinciding rapid decline of oil production (which continued on a greatly diminished scale until 1930) contributed to an abrupt end of the golden era. The 1920 census was the first to show that Indiana had more urban than rural inhabitants.
Read more about this topic: History Of Indianapolis
Famous quotes containing the words economic and, economic, political and/or development:
“Postmodernism is, almost by definition, a transitional cusp of social, cultural, economic and ideological history when modernisms high-minded principles and preoccupations have ceased to function, but before they have been replaced with a totally new system of values. It represents a moment of suspension before the batteries are recharged for the new millennium, an acknowledgment that preceding the future is a strange and hybrid interregnum that might be called the last gasp of the past.”
—Gilbert Adair, British author, critic. Sunday Times: Books (London, April 21, 1991)
“Until women learn to want economic independence ... and until they work out a way to get this independence without denying themselves the joys of love and motherhood, it seems to me feminism has no roots.”
—Crystal Eastman (18811928)
“Genocide begins, however improbably, in the conviction that classes of biological distinction indisputably sanction social and political discrimination.”
—Andrea Dworkin (b. 1946)
“As a final instance of the force of limitations in the development of concentration, I must mention that beautiful creature, Helen Keller, whom I have known for these many years. I am filled with wonder of her knowledge, acquired because shut out from all distraction. If I could have been deaf, dumb, and blind I also might have arrived at something.”
—Mark Twain [Samuel Langhorne Clemens] (18351910)