Computing · 1959
COBOL
A language for business, written almost like English.
A committee building on Grace Hopper's FLOW-MATIC defined COBOL for records and payrolls. Hundreds of billions of lines were written, and it still processes a large share of banking transactions.
What it built on 1
What it led to 1
Related measurements
The dashed line marks when it first worked.
Computation per constant dollar, 1850-2006 Latest: 7.3B million units of computer power per 2006 $ (2003) Source: Nordhaus 2007, Two Centuries of Productivity Growth in Computing, J. Econ. Hist. 67(1), Table 6