How Levi Eshkol's Government 'Engineered' Israel's 1966-67 Recession
Already in late 1964, according to newly released archival documents, the PM was affected by political and other considerations and made a series of decisions that embroiled Israel in a recession that ended only after the 1967 war broke out.
Prime Minister Levi Eshkol’s government deliberately created an economic recession in 1966-67, but hid that fact from the public so as not to lose the election that took place shortly beforehand, according to...
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