Foundation and First Mentions
The city of El Dorado was officially founded in 1843, when the Union County commissioners were seeking a location for a new administrative centre. According to local legend, a key role was played by a merchant named Matthew Rainey, whose wagon broke down in this area. He successfully sold his goods to local settlers and proposed establishing a town here, naming it after the mythical "golden land", which reflected the early residents' hopes for prosperity.
Key Factors of Development
The development of the city was determined by several important circumstances:
- Geography and Resources: Its location within the dense pine forests of southern Arkansas made timber harvesting the first major sector of the economy.
- Transport: The arrival of railways in the late 19th century allowed for the export of timber and cotton, connecting El Dorado with major sales markets.
- Political Status: The designation of the city as the administrative centre (county seat) ensured a stable influx of residents, lawyers, and merchants.
Early Cultural and Economic Features
In the first decades of its existence, El Dorado remained a quiet agricultural settlement, living off cotton farming and the timber industry. Cultural life was typical for the American South of that time, centred around the church and the county court.
A pivotal turn in the city's history occurred on 10 January 1921, when the Busey No. 1 well struck a powerful fountain of oil. This event instantly transformed the agrarian town into the oil capital of the region, forever changing its economic and cultural landscape.