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Herman Hollerith financed the development of his electromechanical tabulating machine through a combination of personal savings, support from investors, and contracts with the U.S. Census Bureau. After initially struggling to gain traction, he secured a significant contract for the 1890 census, which provided the necessary funding and validation for his invention. This success led to the establishment of the Tabulating Machine Company, which later became part of IBM.

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1mo ago

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