We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is a Money Bomb?

By Sherry Holetzky
Updated Jan 23, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

The term "money bomb" was coined to describe a political fundraiser, generally a one-day event, organized by grassroots campaign supporters. It is seen as somewhat of a slang term but certainly not one that holds no interest. One aspect of the money bomb is that it works as a vehicle by which those who favor a particular candidate can show support and help encourage campaign contributions. Unlike a typical fundraising event, a money bomb is intended to break records, to get attention.

The idea came about during the 2008 presidential election season when supporters believed that Ron Paul, a ten-term Republican Congressman running for president, was being either marginalized or ignored by the media. They believed that a record-breaking fundraising event would garner media attention. How could news outlets ignore such a feat and retain any credibility in their election coverage?

The first money bomb raised over 4 million dollars in twenty-four hours, through small, individual donations, most of which were collected online. The event occurred on November 5, which is known in England as Guy Fawkes Day. Fawkes was a revolutionary who plotted against what he believed to be an overreaching government. While the Ron Paul Revolution sought non-violent change, the Guy Fawkes symbolism was incorporated into the event as was imagery from the movie, "V for Vendetta," reminiscent of the Fawkes’ story.

The first money bomb was so successful that supporters decided to continue, holding another money bomb which commemorated the anniversary of the Boston Tea Party. Not coincidentally, the Boston Tea Party was another act by the people in retaliation against government. That event raised over 6 million US Dollars (USD), setting yet another fundraising record and giving the candidate over 10 million USD of the 12 million goal set for the fourth quarter. The campaign ended the year reporting nearly 20 million USD for the quarter, well over the stated goal.

The significance of the dates of these money bomb events may offer some insight into why the term money bomb was chosen by those who organized the fundraisers. The Money Bomb is the title of a book, written by James Gibb Stuart. The book was written to detail financial policy, and sound monetary policy also happens to be one of the big issues in Ron Paul’s platform. Rumor has it that the book was banned in the United Kingdom shortly after it came out but it is now available online.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Discussion Comments
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.