In what year did both the coinage of the term 'hot oil' in relation to East Texas and the passage of the National Industrial Recovery Act occur?

In what year did both the coinage of the term 'hot oil' in relation to East Texas and the passage of the National Industrial Recovery Act occur?

• A. 1934
• B. 1932
• C. 1933
• D. 1935

Answer: (C)

The year that fits both events is 1933. The National Industrial Recovery Act was enacted in 1933 as part of the New Deal to spur industrial recovery and set codes for fair competition. At the same time, the East Texas oil boom brought attention to illicit, untaxed “hot oil” shipments, and the term entered common use during that period as regulators and industry observers described these rushed, unreported oil movements. Since one event clearly occurred in 1933 and the other is tied to the same era of federal regulation and oil-market turmoil, 1933 is the year that connects both. The other years don’t align with the passage of the Act, which happened in 1933, making them incorrect for this pair of events.

The year that fits both events is 1933. The National Industrial Recovery Act was enacted in 1933 as part of the New Deal to spur industrial recovery and set codes for fair competition. At the same time, the East Texas oil boom brought attention to illicit, untaxed “hot oil” shipments, and the term entered common use during that period as regulators and industry observers described these rushed, unreported oil movements. Since one event clearly occurred in 1933 and the other is tied to the same era of federal regulation and oil-market turmoil, 1933 is the year that connects both. The other years don’t align with the passage of the Act, which happened in 1933, making them incorrect for this pair of events.