What was the result of the 1974 Texas Constitutional Convention?
A) The proposed constitution was passed by the convention but defeated by the voters.
B) The proposed constitution failed on the convention floor but was nonetheless
approved by the Texas legislature and forwarded to the voters.
C) The proposed constitution failed to get the required two-thirds vote necessary to
submit it to the voters.
D) The proposed constitution was adopted, but it was later discarded by the U.S.
Supreme Court for its failure to protect civil liberties.
E) The proposed constitution was adopted by the convention and approved by the
governor; however, the Texas Supreme Court declared it unconstitutional and void.
Congress passed the Federal Reserve Act in 1913 to
A) regulate the national banking system and provide flexibility to the money supply.
B) encourage the production of domestic and offshore oil reserves.
C) wean the United States off the gold standard.
D) ensure that the federal budget was balanced.
E) create a six-month supply of currency backed by gold bullion and stored at Fort
Knox.