Final answer:
The first boom in the oil industry was propelled by advances in drilling technology, discovery of new oil reserves, and growing demand for oil products.
Step-by-step explanation:
The first oil boom was largely driven by advances in drilling technology and the discovery of new oil reserves. Specifically, the invention of new oil-drilling equipment that was cheap and required fewer workers to operate greatly increased the efficiency of oil extraction. Additionally, major discoveries like the one made off the coast of Norway played a significant role in expanding the industry. These factors, combined with a rising demand for oil products, such as the invention of new plastics made from oil and the disruptive effects of wars in oil-rich regions, contributed to the rapid growth of the oil industry during its first boom.