Refugees from Europe admitted into the United States since 1939 have brought with them a sum estimated to be “anywhere from $750,000,000 to $1,000,000,000, it is reported in this week’s issue of “Financial World” published here.
The financial publication, in an article dealing with the “substantial amounts of refugee wealth carried to our shores” says that for a number of reasons it is virtually impossible to make a faithful check of all incoming capital.
“In the absence of complete data, we might hazard a guess and say that anywhere from $750,000,000 to $1,000,000,000 of refugee wealth has flowed to this country since 1939”, the article states. It adds that “foreign nationals now in the United States are pretty much of a representative cross-section, as far as placing their funds is concerned”.
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.
