History
A large tract of land on the Haifa Bay was purchased from the Sursock family of Beirut by the American Zion Commonwealth in 1925. In 1928, the Bayside Land Corporation, a joint venture of the Palestine Economic Corporation and the Jewish National Fund, acquired 2,400 dunams of residential land in a deal related to the building of the IPC oil pipeline. Development of a residential area began in 1939, and the first houses were completed in 1940.
Read more about this topic: Kiryat Yam
Famous quotes containing the word history:
“Hence poetry is something more philosophic and of graver import than history, since its statements are rather of the nature of universals, whereas those of history are singulars.”
—Aristotle (384–322 B.C.)
“What you don’t understand is that it is possible to be an atheist, it is possible not to know if God exists or why He should, and yet to believe that man does not live in a state of nature but in history, and that history as we know it now began with Christ, it was founded by Him on the Gospels.”
—Boris Pasternak (1890–1960)
“America is the only nation in history which, miraculously, has gone directly from barbarism to degeneration without the usual interval of civilization.”
—Attributed to Georges Clemenceau (1841–1929)