http://www.calculator.org/Pages/article.aspx?name=A%20First%20CalculatorIt is difficult to imagine or remember now what an exciting breakthrough pocket calculators were. This was in the days before computers of any kind, let alone personal ones, were available to the public. There really was no way of accurately calculating, say 3834534/34582. The most common approximation was to use tables - booklets full of pre-calculated logarithms and trancendental functions. That would give you about four digits of accuracy (five figure tables were too much trouble to use). If you learned how to use one, a slide-rule was quicker, but was really only accurate to two or three digits. Mechanical calculating machines, where available, were basically expensive adding machines. Multiplication was a case of repeated addition with much handle cranking, possibly even motor-driven. For division it started to get silly, winding a handle until a bell rang, change some settings and repeat until the calculation is complete. As for long division, I don't think I have ever used this in a calculation which was not for the purpose of learning long division. Does anyone have a calculator?
The pocket calculator meant freedom. It was a warrant for release from the drudgery of longhand arithmetic and its associated tedium and uncertain accuracy; effective immediately. It gave the answer with no effort, almost instantly, and with more digits of precision than you knew what to do with. The early models had a noticeable delay and would visibly cause their displays to flicker as the more complex calculations progressed. This gave an even more acute sense of the arithmetic power one was unleashing on the problem at hand. In the space of a few years, a tiny box in your hand was able to do the work of ranks of clerks with mechanical calculators. Surely no piece of technology has had such a profound effect in so short a space of time - not even the PC.
The world's first pocket calculator
In 1965, Texas Instruments, who had recently developed the first integrated circuits, needed an application to demonstrate their advantages in miniaturising complex electronics, and so started development of the "CalTech" prototype pocket calculator. The completed prototype was demonstrated two years later, and it spurred a number of companies to produce commercial devices, mostly using chips manufactured by TI, long before TI themselves became a manufacturer of calculators for end-users. The early devices printed their results onto paper tape.
By 1971, a large number of manufacturers were producing calculators with LED displays, using chips manufactured by TI or the newcomer Intel. Intel's offering was actually the forerunner of the series of microprocessors used in most PCs today. The early models were expensive, but as large numbers of companies saw the size of the potential market, there began one of the most spectacular price wars in the short history of high technology. In two years, the cost of these devices had dropped by an order of magnitude. By 1974 a four function calculator could be bought for $30 (or £30 - for some reason the transatlantic technology premium always seems to track the dollar/Sterling exchange rate). The following year prices had halved again, and school students suddenly were able to afford them.
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I can remember. It was like coming out of the Dark Ages.