Based on extensive study of contemporary Israeli archival sources and the media as well as interviews and published studies, Orit Rozin examines the implementation of the austerity program in Israel in the early 1950s and its political, social, and economic implications. The author’s purpose is “not only to present a comprehensive picture of some of the changes that took place during this period, but also to portray them … from the point of view of the Israelis who experienced them.” The book opens with an examination of the austerity program carried out during the first years following Israeli independence (1948), resulting from the dwindling foreign currency reserves of the state, preventing it from buying essential raw materials and foodstuffs while facing at the same time continued security problems and mass immigration, much of it of poor Jews, from devastated post-World War II Europe and the Islamic world.
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