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Arab-Israeli War Begins
The Arab-Israeli War of 1948 broke out when five Arab nations invaded territory in the former Palestinian mandate immediately following the announcement of the independence of the state of Israel on May 14, 1948 -
Sam Walton Opens First Walmart
Walton opened the first Wal-Mart in 1962, after years in the retail management business. An American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton's 5 & 10. -
Israeli-Palestine Conflict
The Israeli–Palestinian conflict emerged from intercommunal violence in Mandatory Palestine between Palestinian Jews and Arabs, often described as the background to the Israeli–Palestinian conflict. The conflict in its modern phase evolved since the declaration of the State of Israel on May 14, 1948 and consequent intervention of Arab armies on behalf of the Palestinian Arabs. -
Six Day War
The Six-Day War was a brief but bloody conflict fought in June 1967 between Israel and the Arab states of Egypt, Syria and Jordan. -
Jimmy Carter
James Earl Carter Jr. is an American politician, philanthropist, and former farmer who served as the 39th president of the United States from 1977 to 1981. A member of the Democratic Party, he previously served as a Georgia State Senator from 1963 to 1967 and as the 76th governor of Georgia from 1971 to 1975. -
OPEC Oil Embargo
During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations. -
First Cell-Phones
Motorola was the first company to produce a handheld mobile phone. On April 3, 1973, Martin Cooper, a Motorola researcher and executive, made the first mobile telephone call from handheld subscriber equipment, placing a call to Dr. Joel S. Engel of Bell Labs, his rival. -
Bill Gates Starts Microsoft
Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Microsoft Windows. -
Steve Jobs Starts Apple
In 1975, the 20-year-old Jobs and Wozniak set up shop in Jobs' parents' garage, dubbed the venture Apple, and began working on the prototype of the Apple I. To generate the $1,350 in capital they used to start Apple, Steve Jobs sold his Volkswagen microbus, and Steve Wozniak sold his Hewlett-Packard calculator. -
Community Reinvestment Act of 1977
requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods. -
Camp David Accords
The Camp David Accords were a pair of political agreements signed by Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin on 17 September 1978, following twelve days of secret negotiations at Camp David, the country retreat of the President of the United States in Maryland. -
Egypt-Israel Peace Treaty
The main features of the treaty were mutual recognition, cessation of the state of war that had existed since the 1948 Arab–Israeli War, normalization of relations and the complete withdrawal by Israel of its armed forces and civilians from the Sinai Peninsula which Israel had captured during the Six-Day War in 1967. -
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Iran Hostage Crisis
Iranian students seized the embassy and detained more than 50 Americans, ranging from the Chargé d'Affaires to the most junior members of the staff, as hostages. The Iranians held the American diplomats hostage for 444 days.
