Galveston Bay Galveston became a major U.S. commercial center for shipping cotton, leather products and cattle, and other goods produced in the growing state. Railroads were built around the shore and new communities continued to emerge. Commercial fishing developed as a substantial industry, particularly oysters, finfish, and later, shrimp. The Galveston Hurricane of 1900 devastated the city of Galveston and heavily damaged communities around the bay. Growth moved inland to Houston as fear of the risks posed by establishing businesses at Galveston limited the island's ability to compete. Texas City emerged as another important port in the area. Shipping traffic through 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.