Why did Governor William Murray Shut down Oklahoma's Oil Production?

Answer 1

Governor William Murray shut down Oklahoma's oil production in 1931 as part of efforts to address the impact of the Great Depression. The oil industry was suffering from overproduction and falling prices, leading to economic turmoil in the state. By implementing production controls, Murray aimed to stabilize prices and prevent further economic downturn in the industry. This decision was intended to protect Oklahoma's oil producers and workers from the severe consequences of the depression.