Final answer:
The event of Abraham moving to Canaan in 1950 BCE is significant in the development of Judaism as it marks the beginning of the Abrahamic covenant and the promise of the land of Canaan for the Jewish people.
Step-by-step explanation:
The event of Abraham moving to Canaan in 1950 BCE is significant in the development of Judaism because it marks the beginning of the Abrahamic covenant between God and Abraham. According to Jewish tradition, God promised Abraham that he would become a great nation and that his descendants would inherit the land of Canaan. This covenant established a special relationship between God and the Jewish people, with Canaan becoming the promised land for their future generations.
Learn more about Significance of Abraham moving to Canaan in the development of Judaism