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January 17: An agreement is signed between Chaim Weizmann and Louis Marshall, the non-Zionist American Jewish leader, regarding the establishment of the Jewish Agency for Palestine and the dispatch of a team of experts to Palestine - the Joint Palestine Survey Commission, headed by Sir Alfred Mond (Lord Melchett).

March 10: Worsening unemployment in Jerusalem prompts demonstrations in the offices of the Zionist Executive by hundreds of jobless workers.

August 30 - September, 11: The 15th Zionist Congress is held in Basel. It addresses the grave crisis in Palestine. It is decided to establish a minor Zionist Executive in Jerusalem to deal with the crisis. Members are Frederick Kisch, Harry Sacher and Henrietta Szold.

The Histadrut looks to the Jewish Agency to help finance its building and construction activities, and its social welfare institutions. But the Jewish Agency is itself entering a period of crisis.

The years marks an immigration low, with only 2.700 newcomers, but an emigration high, with more than 5.000.

January 2: Ahad HaAm dies.

January 16: The Ben Shemen youth village is established east of Lydda.

April 1: The HaShomer HaZair kibbutzim and training groups establish a national organization in Haifa called "HaKibbutz Artzi" - "National Kibbutz".

April 5: Municipal elections are held in Jerusalem. The election ordinance allocates four seats for Jews and eight for Arabs. Ragheb al Nashashibi is elected mayor. Deputy mayors are Chaim Salomon and Ya'akuv Faraj (a Christian).

June: The ongoing economic crisis is manifested in the bankruptcy of the Solel Boneh company.

July 11: A strong earthquake strikes Palestine resulting in 192 dead and 923 injured. Destruction is particularly serious in mountain areas where the Arab population resides.

September 20: A national agricultural exhibition, organized by the Mandatory Government, is opened in Haifa.

October 24: 15th session of the Permanent Mandatory Commission.

November 1: Local currency is introduced in Palestine. The Palestine Pound replaces the Egypt currency. It is divided into 1.000 mils . Denominations: 1 and 2 mils (bronze), 2, 10 and 20 mils (cupro-nickel), 50 and 100 mils (silver). The inscription appeared in all three of the official languages: English, Arabic and Hebrew. It included the denomination and the name Palestine, after which as a concession to the yishuv - the Hebrew initials of Eretz Israel were added.

December 15-16: The struggle for work turns violent during the citrus harvest in Petah Tikvah. Jewish workers, seeking employment, protest against the hiring of Arab labor by the farmers. Demonstrations and an attack on the Agricultural Committee lead to the intervention of the British police. Workers are beaten and injured. Some are arrested and sentenced to several weeks imprisonment.

Some inhabitants of Palestine - Arabs, Jews, and British - can afford to purchase automobiles. The Renault Company is one of the first to open a sales office.

Mandatory report for 1927.

Hillel Zeitlin (1871-1942), Polish Yiddish journalist, writes in the daily newspaper "Der Moment" of early acts of Nazi vandalism in Jewish cemeteries in Germany. He warns that Jews will be the first victims of Nazi atrocities, castigates western culture for remaining mute, and predicts that the world will be engulfed in the Nazi degeneracy. He will be killed by the Nazis on the way to Treblinka.

Joseph Isaac Schneerson (1880-1950), the Lubavitch Rebbe, obtains permission to leave the Soviet Union. He goes to Riga where he organizes new Chabad centers. In 1934 he will settle in Poland. During World War II he will escape to the USA.

Al Jolson, the son of a cantor, stars in "The Jazz Singer", the first significant feature-length sound motion picture. Also starring: Cantor Yossele Rosenblatt.

Bennet Cerf, Elmer Adler, and Donald Klopfer found the Random Publishing House in New York.

Henri Bergson is awarded the Nobel Prize in Literature.