What was the longest lasting, negative result of the Yazoo Land Fraud for Georgia?

Georgia was too weak after the Revolution to defend its vast western land claims, called the "Yazoo lands" after the river that flowed through the westernmost part. Consequently, the legislature listened eagerly to proposals from speculators willing to pay for the right to form settlements there. In the 1780s the state supported two unsuccessful speculative projects to establish counties in the western territory and in 1788 tried, again without success, to cede a portion of those lands to Congress. In 1789 the legislature sold about 25 million acres to three companies, only to torpedo the sale six months later by insisting that payment be made in gold and silver rather than in depreciated paper currency. Pressure to act continued to build on legislators until, by mid-November 1794, a majority reportedly favored the sale of the western territory. On January 7, 1795, Georgia governor George Mathews signed the Yazoo Act, which transferred 35 million acres in present-day Alabama and Mississippi to four companies for $500,000. To achieve this successful sale, the leader of the Yazooists, Georgia's Federalist U.S. senator James Gunn, had arranged the distribution of money and Yazoo land to legislators, state officials, newspaper editors, and other influential Georgians. Cries of bribery and corruption accompanied the Yazoo Act as it made its way to final passage. Angry Georgians protested the sale in petitions and street demonstrations. Despite the swelling opposition, the Yazoo companies completed their purchases.

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