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Computer memory from 1959 through the mid 60's.
Here is the IBM 1406 - this was a memory add-on to the IBM 1401 mainframe.
It was about the size of a dishwasher and it sold for $55,100.
Or you could rent it for $1,575 a month.
That's mid 1950 money - 12 cents for a comic book, 10 cents for a soda and a nickel for a candy bar - Double Bubble bubble gum was 2 for a penny.
While here we are today recommending folks have a minimum of 8 gigabytes of memory in their personal computers - the IBM 1406 had 12 kilobytes of memory.
1 gigabyte = 1,000,000 kilobytes
Today a 4 GB or 8 GB stick of memory is smaller than my pocket comb, you would have needed 83,333 of those dishwasher sized machines to equal 1 GB.
While we're paying $11-$20 per GB of memory today,
those 83,333 IBM 1406s would have set you back just under $4.6 Billion dollars - or rent them for $131 Million a month - for 1 GB of memory.
Now, if only we could get the car manufacturers to go the same direction with their prices...
Here is the IBM 1406 - this was a memory add-on to the IBM 1401 mainframe.

It was about the size of a dishwasher and it sold for $55,100.
Or you could rent it for $1,575 a month.
That's mid 1950 money - 12 cents for a comic book, 10 cents for a soda and a nickel for a candy bar - Double Bubble bubble gum was 2 for a penny.
While here we are today recommending folks have a minimum of 8 gigabytes of memory in their personal computers - the IBM 1406 had 12 kilobytes of memory.
1 gigabyte = 1,000,000 kilobytes
Today a 4 GB or 8 GB stick of memory is smaller than my pocket comb, you would have needed 83,333 of those dishwasher sized machines to equal 1 GB.
While we're paying $11-$20 per GB of memory today,
those 83,333 IBM 1406s would have set you back just under $4.6 Billion dollars - or rent them for $131 Million a month - for 1 GB of memory.
Now, if only we could get the car manufacturers to go the same direction with their prices...
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