American manufacturers have been informed by the Office of International Trade, Department of Commerce, that economic conditions in Israel became worse during the late summer of 1950.
“Less favorable economic conditions in Israel were indicated by the steady decline of the Israel pound in the free markets, increase of black market activities, rise in gold quotations on the Tel Aviv exchange and the rationing of textiles and shoes,” the report said.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
