What is FORTRAN and COBOL ?
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Although both FORTRAN and COBOL were universal languages (meaning that they could, in principle, be used to solve any problem that a computer could unravel), FORTRAN was better suited for mathematicians and engineers, whereas COBOL was explicitly a business programming language.
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Fortran:
Fortran, as derived from Formula Translating System, is a general-purpose, imperative programming language. It is used for numeric and scientific computing. Fortran was originally developed by IBM in the 1950s for scientific and engineering applications.
COBOL:
There is a very small but well-paid niche market for COBOL programmers. If you can find a job doing it, you can make good money, but finding the job can be difficult. Companies don't often need COBOL programmers, but when they do, they need them badly. ... COBOL stands for Common Business Oriented Language.
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