American Decades
Creating the Computer
The "Automatic Calculator."
Americans of the 1950s witnessed the dawn of the information age. During the decade the computer developed from its earliest models—hundreds of square feet of flashing neon bulbs, dials, cables, and clicking switches—to relatively small units that were widely affordable by the academic and business communities. In 1950 there were twenty computers in the United States, with a total worth of one million dollars. No two of these machines were the same; they were all refinements of the ENIAC (Electronic Numerical Integrator and Computer), the first real computer, which had been developed by scientists at the University of Pennsylvania for the government during World War II. The "automatic calculator," which weighed thirty tons and occupied eighteen hundred square feet, was first demonstrated to the public in 1946.
Early Successors.
As the first electronic machine that could solve...
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1950's Business and the Economy
- Overview
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Topics in the News
- Advertising in the 1950s
- The AFL-CIO
- Air Travel in the 1950s
- Alcoa, Aluminum, and the End of a Monopoly
- Bank of America Leads a Financial Expansion
- Big vs. Small Businesses
- Creating the Computer
- Credit, Inflation, and Price Controls
- Energy
- Farming in the 1950s
- Housing in the 1950s
- Labor in the 1950s
- The Merger Wave
- The Military-Industrial Complex
- The National Highway Act and the Auto Industry
- The Railroad and its Decline
- Shopping Malls
- The Stock Market and Investment Trends
- The Sun Belt
- The Television Industry
- The Turbulent Teamsters
- Headline Makers
- People in the News
- Deaths
- Publications
- Important Events in Business and the Economy, 1950–1959
