Mazkeret Moshe was founded in 1882 from the ardent financial support of British Jewish financier and banker, Moses Montefiore.
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The name comes from a biblical verse (Numbers 24:5): "How goodly are thy tents, O Jacob/Thy dwellings, O Israel." Mazkeret Moshe was founded by Sir Moses Montefiore in 1882 as an Ashkenazi neighborhood.