In November 1879, the railroad came to Woodstock, and industries of various kinds sprung up quickly in the city. Wood carving, yarn spinning and mineral extraction all played a part in the local economy. The abundance of water power around Woodstock from Little River, Noonday Creek, and other streams fueled this industrial growth. Outside these industries, Woodstock mainly cultivated its farmers. By the 1890s Woodstock shipped some 2,000 bales of cotton annually.
There are many different stories about how Woodstock got its name. The most logical is that it derives from a Sir Walter Scott novel of the same name.