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This Day in Georgia History

March 15, 1933

State Borrowed Money to Keep Schools Open

Amidst the Great Depression, Gov. Eugene Talmadge negotiated $2 million in loans from the First National Bank, Citizens and Southern National Bank, and Fulton National Bank to keep Georgia’s public schools operating for the rest of the school year. Even with this loan, some Fulton County teachers faced the prospect of not being paid for April and May.