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Description
The Development Corporation for Israel (Israel Bonds) was founded in 1951 to raise money from the American public for the fledgling Israeli state, which, at the time, was struggling to build an infrastructure and economy to support its growing population. The first Israel Bonds sales drive was launched in New York by David Ben-Gurion, Israel's first prime minister. Ben-Gurion's coast to coast tour of the United States would raise 52.6 million dollars by the end of 1951. The funds raised by the sale of Israel Bonds in 1951 and in subsequent years and decades were key factors in establishing a sound Israeli economy.
Magnes Collection of Jewish Art and Life, University of California, Berkeley California Revealed is supported by the U.S. Institute of Museum and Library Services under the provisions of the Library Services and Technology Act, administered in California by the State Librarian.
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