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New IBM employees in 1930

automatic feed tabulator Despite the Great Depression, IBM increases its employment, trains more salesmen, and increases engineering efforts.


The Automatic Accounting Scale Company, makers of automatic counting scales, is acquired. The International Scale Company is organized as a subsidiary of IBM, and takes over the now complete line of industrial scales.

The portable Watchman's Clock is introduced.

The Chain Store Billing Machine is developed.

People

Employees

6,346

Finance

Revenue

$19 M


Net earnings

$7 M


Dividend

5%