The first issue of Think -- an IBM employee and customer magazine that features articles on such wide-ranging topics as education, science, art, and international relations -- is published.
IBM holds its first training class for women systems service professionals in Endicott, New York. Ruth M. Leach, who becomes IBM's first female corporate vice president in 1943, was a graduate of this class.
IBM markets the first commercially successful electric typewriter, the Electromatic. IBM would produce electric typewriters until 1990. Also brought to market are a gang summary punch for alphabetic accounting machines and the automatic carriage.
A new plant in Milan, Italy, is completed.
Survivor benefits are added to employee group life insurance.