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The term was used as early as 2004, but came to prominence in Fall 2007 after the success of the [[November 5th]] fundraising drive in support of the [[Ron Paul presidential campaign, 2008|2008 Ron Paul presidential campaign]] in the [[United States]].<ref name=fredsgiving/><ref name=wolf>{{cite news|url=http://www.abcnews.go.com/Politics/Vote2008/Story?id=3822989&page=1|title=Who are Ron Paul's Donors? Republican raises stunning $4.3 million online in 24 hours|publisher=ABC News|date=[[2007-11-06]]|author=Wolf, Z. Byron|accessdate=2007-11-27}}</ref> Since then similar efforts have been organized for other [[2008 presidential candidate]]s.
==OriginDescription==
While using the term ''bomb'' in fundraising is nothing new (cf. the phrase "penny bomb," which is another name for a ''[http://www.fundraising-ideas.org/DIY/pennydrive.htm penny drive]''),[http://www.angleton.isd.tenet.edu/angletonisd/uploads/fundrasier/Fundraisers05_06.pdf][http://www.jp2.org/OurPrograms/pdf/NJHS_STUCO.pdf]), the popular usage of the term "moneybomb" to describe a coordinated mass donation drive for a political candidate can be traced to a weekly donation drive the Ron Paul Money Bomb, which aimed to raise $1 million one hour each week for Ron Paul's presidential campaign.<ref>{{cite newspress release|http://dailypaul.com/node/3471|title = The Ron Paul Money Bomb|publisher=Daily PauldatePaul|date=[[2007-10-18]]|author=LeVer2k2|accessdateaccess date=2007-12-02}}</ref> The term was eventuallylater adopted to describe a planned fundraising drive for the Paul campaign in 2007 on November 5th, [[Guy Fawkes Night|Guy Fawkes Day]]. InPromotional thevideos UKfor Guythe FawkesNovember Day5th isdrive used toimages commemoratefrom the foiling of thefilm, ''[[GunpowderV plot]]for launchedVendetta by(film)|V Englishfor revolutionary [[Guy FawkesVendetta]]'', aftera hemodern wasre-imagining caught underof the [[BritishGunpowder ParliamentPlot]] buildingas withwell 36as barrelsthe ofrefrain gunpowder."Remember, GuyRemember Fawkesthe wasfifth alsoof theNovember" inspiration forfrom the film,popular ''[[Vrhyme forcelebrating Vendettathe (film)|Vplot forbeing Vendetta]]'',foiled.<ref>{{cite which depicted apress modernrelease|http://www.washingtonpost.com/wp-daydyn/content/article/2007/11/05/AR2007110501643.html|title=Paul fascistRaises Parliament,More overpoweredThan by$3.5M popularin revolutionOne thatDay|publisher=The wasWashington led by "Post|date=[[V (comics)|V2007-11-05]]",|access a Fawkesdate=2007-like12-06}}</ref> character. Both theThe historical and pop culture references weregenerated usedsignificant toonline promote the fundraising drive on the Internetinterest despite the apparent contradiction between and generated significant online interestthem.
The fundraising drive was the largest recorded one-day online fundraiser, bringing in over $4 million.<ref name=nyt>{{cite news|url=http://www.nytimes.com/2007/11/06/us/politics/06paul.html?_r=2&oref=slogin&oref=slogin|title=Candidate’s Pleased to Remember This Fifth of November|author=Kirkpatrick, David D.|publisher=The New York Times|date=[[2007-11-06]]|accessdate=2007-12-02}}</ref><ref>{{cite news|url=http://www.washingtontimes.com/article/20071106/NATION/111060023/1002|title=Paul breaks single-day online fundraising record|author=Dinan, Stephen|date=[[2007-11-06]]|accessdate=2007-11-12|work=Washington Times}}</ref> After November 5th's success several news stories began using the term "money bomb" to refer to the fundraising drive including CNN's [[The Situation Room]].<ref>http://www.youtube.com/watch?v=cVZSuzk5Tv0</ref> Proven success of the money bomb concept led to many different ideas by supporters of other candidates to have their own money bombs.
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