Chronology

The economic boom of the 1970s The creation of the Kingdom in 1949 on both banks of the Jordan River led to the development of farming and industry in Jordan, bolstered by major hydraulic works in the Jordan Valley. However, after the 1967 defeat by Israel and the occupation of the West Bank, Jordan had to restructure its economy and move back to the East Bank of the Jordan River, with nearly 300,000 impoverished Jordanian refugees from the West Bank. The most highly educated refugees were ab..