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Question
- what was one of the first actions william h. murray took as governor in response to the great depression?
privatized state - owned enterprises
cut public sector wages
increased taxes on the wealthy
declared a moratorium on debts
- what did william h. murray’s “executive holiday” achieve during the great depression?
it celebrated oklahoma’s statehood anniversary.
it provided relief by suspending civil and legal processes related to debt collection.
it mandated a day off for all state employees.
it increased state revenue by taxing holiday sales.
- how did murray attempt to reform tax policies during his tenure?
by increasing consumption taxes on luxury goods
by lowering corporate taxes to encourage business investments
by implementing a gross production tax on oil companies
by decreasing property taxes statewide
Question 1
To answer this, we recall William H. Murray's actions as governor during the Great Depression. One of his first actions was declaring a moratorium on debts to help citizens struggling with debt during the economic crisis. The other options (privatizing state - owned enterprises, cutting public sector wages, increasing taxes on the wealthy) do not align with his initial responses to the Great Depression.
William H. Murray's "Executive Holiday" was aimed at providing relief. It suspended civil and legal processes related to debt collection, which helped people during the Great Depression. Celebrating Oklahoma's statehood anniversary was not its purpose, mandating a day off for state employees was not the main goal, and increasing state revenue by taxing holiday sales was not what it achieved.
During his tenure, Murray attempted to reform tax policies by lowering corporate taxes. This was done to encourage business investments, as lower corporate taxes would make it more attractive for businesses to invest in Oklahoma. Increasing consumption taxes on luxury goods, implementing a gross production tax on oil companies, or decreasing property taxes statewide were not his main tax - reform attempts to encourage business.
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The option "Declared a moratorium on debts" (the last option among the four for question 1)