Crowd Funding Fund Raising

Statue of Liberty and Crowdfunding

Today, we have various online platforms for crowdfunding. These platforms are mostly about individual or commercial projects, not for public projects.

In a recent trip to NYC, it was fascinating to hear that the Statue of Liberty was crowd funded in two nations – France and the USA. So far, I had believed that the statue was a gift from France to the United States. However, it seemed to be a joint effort. The majority of the funding and technical expertise came from France, but America was also on the hook for funding.┬áI have not done any research to determine if this is the first instance of crowdfunding for a public cause.