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| Topic: |
History
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| Number of pages / Number of words: |
10 / 2573 |
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The company focused on providing large-scale, custom-built tabulating solutions for businesses, leaving the market for small office products to others. During Watson's first four years, revenues doubled to $2 million. He also expanded the company's operations to Europe, South America, Asia and Australia...
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In 1924, to reflect C-T-R's growing worldwide presence, its name was changed to International Business Machines Corp., or IBM.
During the Great Depression of the 1930s, IBM managed to grow while the rest of the U.S. economy floundered. Watson took care of his employees. IBM was among the first corporations to provide group life insurance (1934), survivor benefits (1935) and paid vacations (1936)...
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