Free State of Galveston as well as the nearby city of Brazoria. The opening of the Houston Ship Channel in 1915 further challenged the port city. Houston and Texas City, as well as other ports, rapidly overtook Galveston as leading ports and commercial centers; by 1930 map makers were showing Houston as the major city on the Texas coast, instead of Galveston. Cotton shipping, which Galveston had thoroughly dominated on a worldwide level, began migrating to other ports in Texas and on the West Coast. As Galveston's traditional economy declined, Texas' oil boom began in 1901, with oil wells and refineries constructed throughout the
History of Galveston, Texas Lewis Moody, Jr., a member of one of Galveston's leading families, founded the American National Insurance Company. Two years later, Mr. Moody would further invest in Galveston by establishing the City National Bank, which would later become the Moody National Bank. A military facility by the US Army Coastal Artillery on Galveston Island was established in the late 1890s and construction, which was disrupted by the Galveston Hurricane of 1900, was completed in the early 1900s, with the facility being named Fort Crockett in 1903. During the First World War, Fort Crockett served as a US Army artillery training center.