1982 - Oil Bust hits Houston

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  • Опубліковано 27 вер 2024
  • An oil bust hits Houston, leading to massive foreclosure crisis and job losses

КОМЕНТАРІ • 9

  • @xecukc7010
    @xecukc7010 2 роки тому +5

    That Armco hardhat brought back so many memories. When I was a kid, everyone wanted to work at the steel mill or one of the plants. I was working as a contractor in many of the plants back then. I was making good money and always had a job . Suddenly the bottom fell out and, for the first and last time, I had to draw an unemployment check. Thanks for the video.

  • @BryanX64
    @BryanX64 3 роки тому +8

    This is probably 1987. Skyline at the very end shows the BofA tower and Wells Fargo tower, built in '83 and Shamrock hotel was not torn down until '87.

  • @ThumperX9
    @ThumperX9 3 місяці тому

    I was earning $11 an hour in a grocery store when the bst came in 1982, two years later I was in the Navy...came back to Houston in 1990 to catch the energy upswing. It's been a wild ride!!

  • @wilrohan2985
    @wilrohan2985 2 роки тому +5

    My refinery engineering job lasted until 1984, Between 1980 (when the downturn started), and then, I witnessed the pawnshops filling up, and new developments being torn down. At first, I was able to buy used stuff cheap. Later, the exodus started, mostly with men. I was lucky. I knew it was coming so I got ready to leave Houston. I went west.

    • @johndavis8669
      @johndavis8669 2 роки тому

      Now those in the west are moving to Houston.

  • @J-S.P
    @J-S.P 2 роки тому +3

    2:02 - one of the biggest travesties to ever happen in Houston

  • @phillyskyguy9535
    @phillyskyguy9535 Місяць тому

    Bring back the Bank of the Southwest Tower!

  • @johndavis8669
    @johndavis8669 2 роки тому

    1:54 Is that John Connelly. Yes the ex governor