23/12/2023
How is America's Powerful State Texas Becoming So Powerful?
Two centuries ago, Texas was a desolate and sparsely populated territory. It was part of Mexico and its economic development was unpredictable. In fact, it was only until 1845 that it joined the United States, becoming the 28th state. Its economy was dominated by cotton, but in 1901, in the city of Beaumont, an oil discovery was made that would change the future of Texas and the United States forever. Thanks to Texas, the United States became the world's largest oil producer at that time. Even during World War II, the U.S. provided most of the oil to its allies. And while the 1970s was a bad decade for the United States in general, it was a particularly good one for the state of Texas. Elegant cars cruised city streets, hundreds of skyscrapers were built, and golf clubs were filled with members. It was a time of record crude oil prices due to the 1973 OPEC oil embargo and the 1979 Iranian revolution. But a few years later, it all came crashing down with the fall in oil prices. Thousands of workers lost their jobs and dozens of companies went bankrupt. Today, however, Texas has recovered thanks to a technological revolution and is now becoming the most geopolitically valuable asset for the United States.
Did you know that the cost of housing in the US rose over 15% between 2021 and 2022? With housing costs skyrocketing, many have saved for years only to realize that they no longer can afford the home of their dreams! But are all of the homes in America unaffordable now? Well - not exactly! In fact, today on Across on the Globe we're going to look at the 10 Cheapest States to Buy a House in 2023.
