This term describes the announcement of establishment of a Jewish state, named State of Israel. This State of Israel was established on 14th May 1948. In Hebrew language, Medinat Yisrael means the State of Israel. The British Mandate of Palestine was a part of the British Empire. This was the land where the
Kingdom of Israel and the
Kingdom of Judah had once been. The State of Israel covered more or less the same land.
Some persons call this as the beginning of "Third Jewish Commonwealth". The "First Jewish Commonwealth" ended with the destruction of Solomon's Temple, and the second with the destruction of the Second Temple in Jerusalem two thousand years ago.