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Austerity in Israel

Austerity in Israel
Autor: Lambert M. Surhone / Mariam T. Tennoe / Susan F. Henssonow
Verfügbarkeit: Auf Lager.
Artikelnummer: 701366
ISBN / EAN: 9786131955846

Verfügbarkeit: sofort lieferbar

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High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! From 1949 to 1959, the state of Israel was, to a varying extent, under a regime of austerity (Hebrew: , Tzena), during which rationing and similar measures were enforced. Soon after establishment in 1948, the emerging state of Israel found itself lacking in both food and foreign currency. In just three and a half years, the Jewish population of Israel had doubled, increased by nearly 700,000 immigrants. Consequently, the Israeli government instigated measures to control and oversee distribution of necessary resources to ensure equal and ample rations for all Israeli citizens. In addition to the problems with the provision of food, national austerity was also required because the state was lacking in foreign currency reserves. Export revenues covered less than a third of the cost of imports, and less than half of the consequent deficit was covered by the Jewish loan system known as Magbiyot (Hebrew: , lit. Collections). Most financing was obtained from foreign banks and gas companies, which, as 1951 drew to an end, refused to expand the available credit.

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