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Arab-Israeli War Begins
The 1948 Arab-Israeli War , also known to Israelis as the War of Independence or Liberation War, was the first in a series of armed conflicts that confronted the State of Israel and to its Arab neighbors, in what is known globally as the Arab-Israeli conflict . For the Palestinian Arabs this war marked the beginning of what they call Nakba. -
Sam Walton Opens First Walmart
Sam Walton opened the first Walmart store in 1962 in Rogers, Arkansas. Walton, only 44 at the time, wanted to succeed in the retail world running a store with low prices and exceptional customer service. Despite many competitors doubting his business model, the company started to grow and grow. Walton credits the instant success of Walmart to the low prices, but mainly to his associates. They gave customers a positive shopping experience and kept them coming back. -
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
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. Following years of diplomatic friction and skirmishes between Israel and its neighbors, Israel Defense Forces launched preemptive air strikes that crippled the air forces of Egypt and its allies. Israel then staged a successful ground offensive and seized the Sinai Peninsula and the Gaza Strip from Egypt, the West Bank and East Jerusalem from Jordan. -
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Jimmy Carter
James Earl Carter, better known as Jimmy Carter , is an American politician of the Democratic Party who was the thirty-ninth president of the United States (1977-1981), previously held of governor of the state of Georgia (1971-1975) and of senator in the General Assembly of Georgia (1962-1966). Carter was awarded the Nobel Peace Prize in 2002 for his efforts "to find peaceful solutions to international conflicts, boost democracy and human rights and foster economic and social development. -
OPEC Oil Embargo
The Arab-dominated Organization of Petroleum Exporting Countries (OPEC) announces a decision to cut oil exports to the United States and other nations that provided military aid to Israel in the Yom Kippur War of October 1973. According to OPEC, exports were to be reduced by 5 percent every month until Israel evacuated the territories occupied in the Arab-Israeli war of 1967. -
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
On this day in 1975, at a time 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. In 1987, the year after Microsoft went public, 31-year-old Gates became the world’s youngest billionaire. -
Steve Jobs Starts Apple
“His saga is the entrepreneurial creation myth writ large: Steve Jobs cofounded Apple in his parents’ garage in 1976, was ousted in 1985, returned to rescue it from near bankruptcy in 1997, and by the time he died, in October 2011, had built it into the world’s most valuable company. Along the way he helped to transform seven industries: personal computing, animated movies, music, phones, tablet computing, retail stores, and digital publishing….” -
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
The Camp David Accords were a series of agreements signed by Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin following nearly two weeks of secret negotiations at Camp David, the historic country retreat of the president of the United States. President Jimmy Carter brought the two sides together, and the accords were signed on September 17, 1978. The landmark agreement stabilized the fractious relations between Israel and Egypt, though the long-term impact -
Egypt-Israel Peace Treaty
The Treaty of Peace between Israel and Egypt signed in Washington DC on 26 of March of 1979 , he marked the end of thirty years of hostilities and five wars. This treaty was signed after intense negotiations, sixteen months after the visit of Egyptian President Anwar el-Sadat to Jerusalem in 1977., invited by the then Israeli Prime Minister , Menájem Beguín , and the signing of the Camp David peace accords in 1978 , under the auspices of former US President Jimmy Carter as a witness -
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Iran Hostage Crisis
The Iran hostage crisis was a diplomatic standoff between the United States and Iran. Fifty-two American diplomats and citizens were held hostage for 444 days from November 4, 1979, to January 20, 1981, after a group of Iranian college students belonging to the Muslim Student Followers of the Imam's Line, who supported the Iranian Revolution, took over the U.S. Embassy in Tehran.Western media described the crisis as an "entanglement" of "vengeance and mutual incomprehension.
