| | By 1900 the city's population reached 38,000 as banking and insurance became major activities in the increasingly white-collar city, which was now the world's leading cotton center. Businessmen took control of civic affairs; with little municipal patronage, there was only a small role for the Democratic party to play (and no role for the predominantly black Republican party.) A dramatic sign of progress was the towering 190-foot steel-frame skyscraper--the fourteen-story Praetorian Building, built in 1909 to house the Praetorian insurance company. Dallas became the regional headquarters of the Federal Reserve in 1914, strengthening its dominance of Texas banking. | | By 1900 the city's population reached 38,000 as banking and insurance became major activities in the increasingly white-collar city, which was now the world's leading cotton center. Businessmen took control of civic affairs; with little municipal patronage, there was only a small role for the Democratic party to play (and no role for the predominantly black Republican party.) A dramatic sign of progress was the towering 190-foot steel-frame skyscraper--the fourteen-story Praetorian Building, built in 1909 to house the Praetorian insurance company. Dallas became the regional headquarters of the Federal Reserve in 1914, strengthening its dominance of Texas banking. |
| | Growth accelerated, hitting 260,000 at the onset of the [[Great Depression, U.S.|Great Depression]] in 1929. The city suffered less than others because it had relatively little manufacturing, apart from a Ford auto plant. Cotton formers, facing very low prices in 1930-33, purchased a lot less, but the [[New Deal]] farm programs restored prices. New Deal relief programs, especially the [[CCC]] and [[WPA]] provided jobs for the unemployed, while major civic construction projects were funded by other New Deal agencies. | | Growth accelerated, hitting 260,000 at the onset of the [[Great Depression, U.S.|Great Depression]] in 1929. The city suffered less than others because it had relatively little manufacturing, apart from a Ford auto plant. Cotton formers, facing very low prices in 1930-33, purchased a lot less, but the [[New Deal]] farm programs restored prices. New Deal relief programs, especially the [[CCC]] and [[WPA]] provided jobs for the unemployed, while major civic construction projects were funded by other New Deal agencies. |