IBM Changes Its Name and Product Line (Great Events from History II: Business and Commerce Series)
Article abstract: By discarding its original name, Computing-Tabulating-Recording (CTR), and taking its new one, International Business Machines (IBM) signaled a new corporate direction.
Summary of Event
In 1910, Charles Ranlett Flint created Computing-Tabulating-Recording (CTR). Flint was a colorful promoter who had earlier created American Woolen, United States Rubber, and American Chicle, and who was a founder of the Automobile Club of America. Today CTR would be called a conglomerate, since its divisions were largely unrelated to one another. International Time Recording manufactured time clocks and time cards onto which workers would punch their hours of arrival and departure. The Computing Scale Company of America’s primary product was a scale that came equipped with a chart enabling a clerk to calculate the price of an item from its weight and price per pound. Tabulating Machine Company produced machines used to tabulate results from the 1890 census and the cards on which information was punched.
This last company was to prove the key element of CTR’s success. Its founder, inventor Herman Hollerith, worked at the Census Bureau, where difficulties had developed in the tabulation of the 1880 census. It seemed clear then that unless some mechanical way was invented to speed calculations, the 1890 counting would take more than ten years to complete and would thus continue into the 1900 census year....
(The entire section is 2281 words.)
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