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Arab-Israeli war begins
The Arab-Israeli War of 1948 broke out when five Arab nations invaded the territory in the former Palestinian mandate immediately following the announcement of the independence of the state of Israel on May 14, 1948. In 1947, and again on May 14, 1948, the United States had offered de facto recognition of the Israeli Provisional Government, but during the war, the United States maintained an arms embargo against all belligerents -
Sam Walton opens first walmart
On July 2, 1962, Sam Walton opens the first Walmart store in Rogers, Arkansas. -
Israeli-Palestine conflict begins
Israeli-Palestine conflict begins
The history of the Israeli–Palestinian conflict began with the establishment of the state of Israel in 1948. This conflict came from the intercommunal violence in Mandatory Palestine between Israelis and Arabs from 1920 and erupted into full-scale hostilities in the 1947–48 civil war. 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 -
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. In December, a full oil embargo was imposed against the United States and several other countries, prompting a serious energy crisis in the United States and other nations dependent on foreign oil. -
first cell-phones
The first phone call made on a handheld cellular phone was made on April 3, 1973. The first handheld cellular phone call was made on April 3, 1973, by Motorola engineer Martin Cooper from Sixth Avenue in New York while walking between 53rd and 54th streets. -
Steve jobs start 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
Congress enacted the CRA in 1977 to encourage banks & thrift institutions to “serve the convenience and needs of the communities in which they are chartered to do business,” including low and moderate-income (LMI) communities, and to do so in a manner “consistent with the safe and sound operation of such institutions.” -
Camp david records
The Camp David Accords were a series of agreements signed by Egyptian President Anwar Sadat & 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, & the accords were signed on September 17, 1978. The landmark agreement stabilized the fractious relations between Israel and Egypt. -
Bill gates starts microsoft
On April 4, 1975, at a time when most Americans used 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. -
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.