Bank of Israel Established by Knesset

Knesset Establishes Bank of Israel

The Knesset passes the Bank of Israel Law by a vote of fifty-five to zero with fourteen abstentions. The new law, which goes into effect on December 1, 1954, establishes the Bank of Israel as the central financial authority for the country.

Today in Israeli History|August 24, 1954

Chaim Weizmann Dies

Chaim Weizmann, a leader of the Zionist movement and the first President of the State of Israel, passes away at his home in Rehovot after a year-long illness.

Today in Israeli History|November 9, 1952
Dalia Itzik

Dalia Itzik Is Born

Dalia Itzik is born in Jerusalem to a family of Iraqi immigrants. In the Seventeenth Knesset (2006), she becomes the first woman to serve as Speaker of the Knesset.

Today in Israeli History|October 20, 1952

Jordan’s King Abdullah Assassinated

July 20, 1951 Abdullah I, the founding king of Jordan, is assassinated by a Palestinian nationalist at the Al Aqsa Mosque entrance in Jerusalem. The king’s bodyguards immediately shoot the assassin dead. Abdullah’s grandson, Hussein,…

Israel Independence Day

Israel Declares Independence

On Friday afternoon in the Tel Aviv Museum, David Ben-Gurion, chairman of the Provisional State Council, declares Israel’s independence. The United States is the first country to recognize the new and already besieged state of Israel.

Berl Katznelson

Labor Zionist Leader Berl Katznelson Dies

Berl Katznelson, a leader in the Labor Zionist movement, dies suddenly at the age of 57 in Jerusalem. His advocacy for the creation of a labor-based society in Israel would eventually form the basis of the Mapai party, which was created in 1930 and would dominate Israeli politics until the late 1970′s.

Today in Israeli History|August 12, 1944

Mapai Party Is Founded in Tel Aviv

David Ben-Gurion of Ahdut Ha’avodah and Joseph Sprinzak of Hapoel Hatzair recognize that their parties have more in common with each other than they have differences and begin moving towards a merger. The Mapai party is the result.

Today in Israeli History|January 5, 1930
Ariel Sharon

Ariel Sharon Is Born

Ariel Sharon, Israel’s 11th Prime Minister, is born in K’far Malal (near Hod Hasharon). Born Ariel Scheinerman to political, socialist parents who had come to Eretz Yisrael during the Second Aliyah, Sharon joined the Haganah in 1945, serving in the War of Independence.

Today in Israeli History|February 27, 1928

Politician Moshe Arens Is Born

December 27, 1925 Moshe Arens, an Israeli defense minister and foreign minister, is born in Kovno, Lithuania. After moving to Riga, Latvia, when he is a toddler, his family immigrates to New York in 1939….

Today in Israeli History|December 27, 1925