2023State Of Israel - 75 Years - Economy - Sheetlets

When the State of Israel was established in 1948, it had to contend immediately with its neighbors in a war for its very existence. The bitter battles that were forced upon the new State destroyed much of the infrastructure throughout the country and left Israel in a severe economic crisis. Under what were already dire circumstances, the Israeli population of 600,000 stepped up to receive masses of penniless Jews – Holocaust survivors from Europe, prisoners from the British internment camps and immigrants from Eastern countries.