What New England industry quickly collapsed with the discovery of oil in Pennsylvania? – 2017

What New England industry quickly collapsed with the discovery of oil in Pennsylvania?




By 1900, the whaling industry had collapsed, due in part to the discovery and refining of petroleum from the western Pennsylvania oil fields.

whaling





Wamsutta Oil Refinery was established around 1861 in McClintocksville in Venango County near Oil City, Pennsylvania, in the United States. It was the first business enterprise of Henry Huttleston Rogers (1840–1909), who became a famouscapitalist, businessman, industrialist, financier, and philanthropist.

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