The wave of terror launched by the Second Intifada (2000-2004) had a devastating impact on the Israeli economy, resulting in major social distress. The situation was exacerbated by the crisis in the tourism industry and the bursting of the hi-tech bubble. In response, Keren Hayesod traditional areas of activity, immigrant absorption and Jewish-Zionist education in the Diaspora. Thus, for example, Keren Hayesod, in partnership with the Jewish Agency, Cisco Systems Inc. and the Appleseeds Academy, initiated the Net@ project, which provides hi-tech training to youth in the suburbs. Keren Hayesod was also a lead partner in the Jewish Agency Fund for Victims of Terror.