Rothschilds had control over England at the time. There was a letter called the Balfour Declaration which Mr. Balfour sent to Baron Rothschild in 1917 agreeing that Britain's colony of Palestine would be set aside for a Jewish state. There is evidence that the idea had been tossed around since the mid 19th century.
As for the reason why this was so important, if I explained it I would be called anti-Semitic. So that is left for a more brave soul than me.
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