The Haavara Agreement (Hebrew: הסכם העברה Translit.: heskem haavara Translated: "transfer agreement") was an agreement between Nazi Germany and Zionist German Jews signed on 25 August 1933. The agreement was finalized after three months of talks by the Zionist Federation of Germany, the Anglo-Palestine Bank (under the directive of the Jewish Agency) and the economic authorities of Nazi Germany. It was a major factor in making possible the migration of approximately 60,000 German Jews to Palestine in 1933–1939.[1]
The agreement enabled Jews fleeing persecution under the new Nazi regime to transfer some portion of their assets to British Mandatory Palestine.[2] Emigrants sold their assets in Germany to pay for essential goods (manufactured in Germany) to be shipped to Mandatory Palestine.[3][4] The agreement was controversial at the time, and was criticised by many Jewish leaders both within the Zionist movement (such as the Revisionist Zionist leader Ze'ev Jabotinsky) and outside it, as well as by members of the NSDAP and members of the German public.[4] For German Jews, the agreement offered a way to leave an increasingly hostile environment in Germany; for the Yishuv, the new Jewish community in Palestine, it offered access to both immigrant labor and economic support; for the Germans it facilitated the emigration of German Jews while breaking the anti-Nazi boycott of 1933, which had mass support among European Jews and was thought by the German state to be a potential threat to the German economy.[4][5] - WIKI https://en.wikipedia.org/wiki/Haavara_Agreement
