Giving brainliest. In the first decades of the 20th century, some Texans became enormously wealthy as a result of the oil industry. As a result, many of those with new-found wealth "gave back" to Texas. Oil executives Walter Fondren and Sid Richardson both helped to build schools and hospitals. Hugh Roy Cullen donated large amounts of money to the University of Houston.

This situation described here is BEST described as

A) charity.

B) philanthropy.

C) supply and demand.

D) conspicuous consumption.