The scene was set on April 8 at a meeting of computer manufacturers, users and university people at the University of Pennsylvania Computing Center and subsequently the United States Department of Defense agreed to sponsor and oversee the next activities. A meeting was held at the Pentagon on May 28 and 29 (exactly one year after the Zrich ALGOL 58 meeting), chaired by Charles A. Phillips. There it was decided to set up three committees, short, intermediate and long range (the last one was actually never formed). It was the Short Range Committee, chaired by Joseph Wegstein of the US National Bureau of Standards, that during the next months would create a description of the first version of COBOL.
In 1974, ANSI published a revised version of (ANS) COBOL, containing a number of features that were not in the 1968 version. In 1985, ANSI published still another revised version that had new features not in the 1974 standard. The language continues to evolve today. Object-oriented COBOL is a subset of COBOL 97, which is the fourth edition in the continuing evolution of ANSI/ISO standard COBOL. COBOL 97 includes conventional improvements as well as object-oriented features. Like the C++ programming language, object-oriented COBOL compilers are available even as the language moves toward standardization.
Source: Wikipedia > Cobol
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