History
For many years, Monroe was headquartered in Orange, New Jersey and Morris Plains, New Jersey with its manufacturing plants in New Jersey and Amsterdam. In 1958, the company was acquired by Litton Industries. Litton sold it in 1984. In the mid-1980s, the company diversified and began carrying a line of private-labeled copiers (manufactured by Mita Corp.) and cross-cut paper shredders, but those items have been discontinued.
In the 1970s and 1980s, the company had some 300 sales and service branch offices in the United States. In 1972, Monroe announced a pocket-sized electronic display calculator at $269. As low cost electronic calculators from Japan became readily available through retail distribution, the mechanical calculator companies like Monroe, Friden, and Marchant declined even as they introduced programmable calculators.
Read more about this topic: Monroe Calculator Company
Famous quotes containing the word history:
“There is nothing truer than myth: history, in its attempt to “realize” myth, distorts it, stops halfway; when history claims to have “succeeded” this is nothing but humbug and mystification. Everything we dream is “realizable.” Reality does not have to be: it is simply what it is.”
—Eugène Ionesco (b. 1912)
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)
“The history of the world is none other than the progress of the consciousness of freedom.”
—Georg Wilhelm Friedrich Hegel (1770–1831)