In September 1950 Prime Minister Ben-Gurion called
fifty Jewish leaders from the United States to attend a "Conference in
Jerusalem". The purpose - to decide to raise capital for economic
expansion of such magnitude that would make it possible for the country
to absorb mass immigration.
It was decided to launch interest bearing "Independence and Development
Bonds", the proceeds of which would be used for the development of
agriculture and industry, the building of a deep sea port in Ashdod,
exploiting of natural resources etc. The drive met with great success.
Several different medals produced by the Israel Government Coins and
Medals Corporation were awarded to people who have been unusually
successful in selling the "Independence and Development Bond". The
medals were actually table medals to which a ribbon was added. Here
follow some samples.