Word: computerize
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Dates: during 1960-1969
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Since 1960, the spendable per capita income of the average American - even allowing for higher prices and inflation - has increased by one-third. So has his productivity: 7% of American workers now produce all the nation's food and manufactured goods. Yet unemployment has steadily declined, until it is...
Plug in people. The center's version of the Constitution recognizes this collision between 18th century ideals and 20th century realities. Its language is businesslike. The fel lows see it as a tool that, like a computer, is complex, quick, and has change literally built into the program.
In many ways, the most successful modern American industrial enterprise is International Business Machines Corp. Its primary field, high-speed data processing, is barely 20 years old, but IBM has risen to rank among the ten biggest U.S. companies, with 1968 sales of $6.9 billion and profits of $871 million...
In a broadly worded eight-page brief filed in Manhattan's Federal District Court, the trustbusters charged IBM with blocking competitors from "an adequate opportunity to compete." One complaint was that companies that sell only hardware or software or maintenance services could not easily win customers because IBM offered...
Dix predicted that there would be additional use of the computer because of "an enormous increase in storage capability." Dix said that the additional revenue from user fees should easily absorb the $70,000 per month leasing cost.