Our Georgia History
 

Augusta faces Depression


The downturn on Wall Street in October, 1929, may have been the start of the world-wide Depression, but by that time much of Georgia had been suffering for years, thanks to the destruction of the cotton crop courtesy of the boll weevil. Cash-strapped Augusta looked to borrow $150,000 from the Georgia Railroad Bank, who turned them down. Mayor William B. Bell, to save money, ordered all managers in the city to cut every job that had not been created by the city council




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