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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
The history of Walmart, 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 BEGINS
The Israeli-Palestinian conflict is one of the world’s longest-running and most controversial conflicts. At its heart, it is a conflict between two self-determination movements — the Jewish Zionist project and the Palestinian nationalist project — that lay claim to the same territory. -
SIX DAY WAR
Six-Day War, also called June War or Third Arab-Israeli War, brief war that took place June 5–10, 1967, and was the third of the Arab-Israeli wars. Israel’s decisive victory included the capture of the Sinai Peninsula, Gaza Strip, West Bank, Old City of Jerusalem, and the Golan Heights. -
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JIMMY CARTER
Jimmy Carter served as the 39th President of the United States from 1977 to 1981. He was awarded the 2002 Nobel Peace Prize for work to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development. -
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
The world’s first cell phone was launched in 1983. It was the Motorola DynaTAC 800x. It was priced at around $4,000 and lasted for 30 minutes of talk time before dying. It was also about the size of a foot long sub from Subway. -
BILL GATES STARTS MICROSOFT
When most Americans use typewriters, childhood friends Bill Gates and Paul Allen found Microsoft, a company that makes computer software. Originally based in Albuquerque, New Mexico, Microsoft relocated to Washington State in 1979 and eventually grew into a major multinational technology corporation. -
STEVE JOBS STARTS APPLE
Steve Jobs' vision of a "computer for the rest of us" sparked the PC revolution and made Apple an icon of American business. But somewhere along the way, Jobs' vision got clouded -- some say by his ego -- and he was ousted from the company he helped found. -
COMMUNITY REINVESTMENT ACT OF 1977
The Community Reinvestment Act (CRA), enacted in 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
Camp David Accords, agreements between Israel and Egypt signed on September 17, 1978, that led in the following year to a peace treaty between those two countries, the first such treaty between Israel and any of its Arab neighbors. -
EGYPT-ISRAEL PEACE TREATY
In a ceremony at the White House, Egyptian President Anwar el-Sadat and Israeli Prime Minister Menachem Begin sign a historic peace agreement, ending three decades of hostilities between Egypt and Israel and establishing diplomatic and commercial ties. -
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IRAN HOSTAGE CRISIS
A group of Iranian students stormed the U.S. Embassy in Tehran, taking more than 60 American hostages. The immediate cause of this action was President Jimmy Carter’s decision to allow Iran’s deposed Shah
