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Massachusetts Miracle
The Massachusetts Miracle was a period of economic growth in Massachusetts during most of the 1980s. Before then, the state had been hit hard by deindustrialization and resulting unemployment. During the Miracle, the unemployment rate fell from more than 12% in 1975 to less than 3%, which was accompanied by tax reductions and a drastic increase in personal income. Initial growth The growth was heavily centered in financial services and high-tech industry (often driven by technology out of Harvard University and MIT), and within Boston and in its suburbs along Route 128. The expansion of the high tech industry along Route 128 has led to the name of the road being used as a nickname for the regional tech economy, much like Silicon Valley. Notable companies associated with the Miracle include Digital Equipment Corporation, Data General, Wang Laboratories, Prime Computer, Lotus Development Corporation and Apollo Computer. Michael Dukakis was Governor of Massachusetts during most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wang Laboratories
Wang Laboratories was a US computer company founded in 1951 by An Wang and G. Y. Chu. The company was successively headquartered in Cambridge, Massachusetts (1954–1963), Tewksbury, Massachusetts (1963–1976), and finally in Lowell, Massachusetts (1976–1997). At its peak in the 1980s, Wang Laboratories had annual revenues of US$3 billion and employed over 33,000 people. It was one of the leading companies during the time of the Massachusetts Miracle. The company was directed by An Wang, who was described as an "indispensable leader" and played a personal role in setting business and product strategy until his death in 1990. The company went through transitions between different product lines, beginning with typesetters, calculators, and word processors, then adding computers, copiers, and laser printers. Wang Laboratories filed for bankruptcy protection in August 1992. After emerging from bankruptcy, the company changed its name to Wang Global. It was acquired by Getronics of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1980s In Massachusetts
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 **Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar (title), Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus (title), Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I of Byzantium, Marcus I succeeds Olympianus of Byzantium, Olympianus as Ecumenical Patriarch of Constantinople, Patriarch of Constantinople (until 211). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1980s Economic History
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 **Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I succeeds Olympianus as Patriarch of Constantinople (until 211). Births * Lu Kai (or Jingfeng), Chinese official and general (d. 269) * Quan Cong, Chinese general and advisor (d. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Early 1990s Recession
The early 1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. The impacts of the recession contributed in part to the 1992 U.S. presidential election victory of Bill Clinton over incumbent president George H. W. Bush. The recession also included the resignation of Canadian prime minister Brian Mulroney, the reduction of active companies by 15% and unemployment up to nearly 20% in Finland, civil disturbances in the United Kingdom and the growth of discount stores in the United States and beyond. Primary factors believed to have led to the recession include the following: restrictive monetary policy enacted by central banks, primarily in response to inflation concerns, the loss of consumer and business confidence as a result of the 1990 oil price shock, the end of the Cold War and the subsequent decrease in defense spending, the savings and loan crisis and a slump in office construction resulting from overbuilding during ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Dukakis 1988 Presidential Campaign
The 1988 presidential campaign of Michael Dukakis began when he announced his candidacy for the Democratic Party's nomination for President of the United States on March 16, 1987, in a speech in Boston. After winning the nomination, he was formally selected as the Democratic Party's nominee at the party's convention in Atlanta, Georgia on July 21, 1988. He lost the 1988 election to his Republican opponent George H. W. Bush, who was the sitting Vice President at the time. Dukakis won 10 states and the District of Columbia, receiving a total of 111 electoral votes compared to Bush's 426 (Dukakis would have received 112, but one faithless elector who was pledged to him voted for Bentsen for president and Dukakis for vice president instead out of protest). Dukakis received 45% of the popular vote to Bush's 53%. Many commentators blamed Dukakis' loss on the embarrassing photograph of him in a tank taken on September 13, 1988, which subsequently formed the basis of a successful Republ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of Massachusetts
The governor of the Commonwealth of Massachusetts is the chief executive officer of the government of Massachusetts. The governor is the head of the state cabinet and the commander-in-chief of the commonwealth's military forces. Massachusetts has a republican system of government that is akin to a presidential system. The governor acts as the head of government while having a distinct role from that of the legislative branch. The governor has far-reaching political obligations, including ceremonial and political duties. The governor also signs bills into law and has veto power. The governor is a member of the Massachusetts Governor's Council, a popularly elected council with eight members who provide advice and consent on certain legal matters and appointments. Beginning with the Massachusetts Bay Company in 1629, the role of the governor has changed throughout its history in terms of powers and selection. The modern form of the position was created in the 1780 Constitution o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Dukakis
Michael Stanley Dukakis (; born November 3, 1933) is an American retired lawyer and politician who served as governor of Massachusetts from 1975 to 1979 and again from 1983 to 1991. He is the longest-serving governor in Massachusetts history and only the second Greek-American governor in U.S. history, after Spiro Agnew. He was nominated by the Democratic Party for president in the 1988 election, losing to the Republican nominee, Vice President George H. W. Bush. Born in Brookline, Massachusetts, to Greek immigrants, Dukakis attended Swarthmore College before enlisting in the United States Army. After graduating from Harvard Law School, he won election to the Massachusetts House of Representatives, serving from 1963 to 1971. He won the 1974 Massachusetts gubernatorial election but lost his 1978 bid for re-nomination to Edward J. King. He defeated King in the 1982 gubernatorial primary and served as governor from 1983 to 1991, presiding over a period of economic growth known ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Week
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apollo Computer
Apollo Computer Inc., founded in 1980 in Chelmsford, Massachusetts, by William Poduska (a founder of Prime Computer) and others, developed and produced Apollo/Domain workstations in the 1980s. Along with Symbolics and Sun Microsystems, Apollo was one of the first vendors of graphical workstations in the 1980s. Like computer companies at the time and unlike manufacturers of IBM PC compatibles, Apollo produced much of its own hardware and software. Apollo was acquired by Hewlett-Packard in 1989 for US$476 million (equivalent to $ million in ), and gradually closed down over the period of 1990–1997. The brand (as "HP Apollo") was resurrected in 2014 as part of HP's high-performance computing portfolio. History Apollo was started in 1980, two years before Sun Microsystems. In addition to Poduska, the founders included Dave Nelson (Engineering), Mike Greata (Engineering), Charlie Spector (COO), Bob Antonuccio (Manufacturing), Gerry Stanley (Sales and Marketing), and Dave Lub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lotus Development Corporation
Lotus Software (called Lotus Development Corporation before its acquisition by IBM) was an American software company based in Massachusetts; it was "offloaded" to India's HCL Technologies in 2018. Lotus is most commonly known for the Lotus 1-2-3 spreadsheet application, the first feature-heavy, user-friendly, reliable and WYSIWYG-enabled product to become widely available in the early days of the IBM PC, when there was no graphical user interface. Much later, in conjunction with Ray Ozzie's Iris Associates, Lotus also released a groupware and email system, Lotus Notes. IBM purchased the company in 1995 for US$3.5 billion, primarily to acquire Lotus Notes and to establish a presence in the increasingly important client–server computing segment, which was rapidly making host-based products such as IBM's OfficeVision obsolete. On December 6, 2018, IBM announced the sale of Lotus Software/Domino to HCL for $1.8 billion. History Lotus was founded in 1982 by partners Mitch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Computer
Prime Computer, Inc. was a Natick, Massachusetts-based producer of minicomputers from 1972 until 1992. With the advent of PCs and the decline of the minicomputer industry, Prime was forced out of the market in the early 1990s, and by the end of 2010 the trademarks for both PRIME and PRIMOS no longer existed The alternative spellings "PR1ME" and "PR1MOS" were used as brand names or logos by the company. Founders The company was started by seven founders, some of whom worked on the Multics project at MIT. * Robert Baron (President) * Sidney Halligan (VP Sales) * James Campbell (Director of Marketing) * Joseph Cashen (VP Hardware Engineering) * Robert Berkowitz (VP Manufacturing) * William Poduska (VP Software Engineering) * John Carter (Director of Human Resources) The company started with the motto ''"Software First"''. Poduska left in 1981, to start Apollo Computer.Alfred Dupont Chandler, Takashi Hikino, Andrew Von Nordenflycht ''Inventing the electronic century: the epic st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
