Which of the following statements best describes the significance of the oil industry in Oklahoma?
A. The cycle of boom and bust devastated the economies of boom towns, and few survive today.
B. Although a leading industry in the early 1900s, oil had few long-term effects on population and
economic growth in the state.
C. The decline of oil production following its peak in the 1960s led to widespread economic hardship.
D. The oil industry led to widespread economic growth in other industries, especially manufacturing.
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