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Waskom was established in 1850 as a midway point of an east-west (Dallas, TX to Shreveport, LA) cattle and cotton economic travelway to the Red River in Louisiana, some 20 miles (32 km) east. In 1872 it became a main railroad station between Dallas and Shreveport to the west and east respectively and Texarkana to the north. A major railway still travels through Waskom. Today Waskom sits on I-20 that connects the Carolinas to southwest Texas and Mexico.