A Brief History of Computing between 1920 and 1929

1924 – February

International Business Machines (IBM corporation) formed after more mergers involving the Computing - Tabulating - Recording Company - see 1911. By 1990 IBM had an income of around $69 Billion (and 373,816 employees), although in 1992 recession caused a cut in stock dividends (for the first time in the company's history) and the sacking of 40,000 employees.