Small Change Historical Context

Yehudit Hendel
This Study Guide consists of approximately 39 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Small Change.
This section contains 397 words
(approx. 1 page at 400 words per page)
Buy the Small Change Study Guide

The Israeli Economy in the 1980s

In the 1980s Israel suffered spiraling inflation and troublesome economic challenges from bearing the cost of maintaining national security and accepting Jewish immigrants from all over the world. At the beginning of the decade, inflation was at a rate of 131 percent. In an effort to lower inflation and to stabilize the monetary system, the Israeli government changed the form of currency from the lira to the shekel.

When Rutchen gets the idea to go to Switzerland and exchange Israeli coins for valuable Swiss francs, she uses worthless Israeli lira, which had been replaced by the shekel at the time of the story. Even though the lira was an obsolete form of currency, her father has squirreled away stacks of the coins.

By the middle of the decade, Israel's inflation rate had subsided to approximately 20 percent and plans were devised to stimulate economic...

(read more)

This section contains 397 words
(approx. 1 page at 400 words per page)
Buy the Small Change Study Guide
Copyrights
Gale
Small Change from Gale. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
Follow Us on Facebook