A reaction favorable to the economic prosperity of Palestine can be traced directly to Hitler’s anti-Semitic persecutions in Germany, reports a writer in the July 21 issue of The Magazine of Wall Street.
The article, which surveys present business conditions in the Holy Land, follows in excerpt:
“While most countries of the world still suffer the lingering pains of post-war convalescence, Palestine stands out as an isolated example of rejuvenated economic virility and commercial well-being.
“The boom started by persecuted German Jews, is based on sound business principles. Capital salvaged from their wrecked commercial enterprises has been consolidated and re-invested in real estate purchased from the native population, in industrial plant and equipment and as working capital to finance export trade.
“Immigrants are allotted land, loaned tools, provisions, personal necessities. Modern methods of intensive cultivation soon showed handsome profits. These profits are credited on the books of the central finance administration for the account of individual land tenants or industrial workers against previous advances.
“The Promised Land is at last flowing with milk and honey and it may be said, without undue exaggeration, that Hitler unwittingly has become the greatest Zionist of them all.”
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
