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Harlow Bundy incorporates the Bundy Manufacturing Company as the first time recording company in the world. It produces a time clock invented by his brother Willard (a jeweler in Auburn, New York) to record a worker's arrival and departure time on a paper tape. The Bundy Manufacturing Company will be consolidated into one of IBM's forerunners in 1902.
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Herman Hollerith receives the first patents for his Electric Tabulating Machine.
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