The first
The 1971 Buick Riviera had MaxTrac — a primitive traction control that retarded ignition timing if the rear wheels spun. It worked, sort of, in a clunky 1970s way.
The modern version
Bosch ASR (Antriebsschlupfregelung) on the 1987 Mercedes-Benz W126 S-Class is the system every modern traction control descends from. It used the ABS sensors to detect wheelspin and applied individual brakes plus throttle cuts to recover.
The rollout
By the late 1990s it was on most luxury cars and optional on mainstream sedans. By the mid-2000s it was bundled with stability control, and federal mandate effectively made it standard from the 2012 model year.
The point
Traction control is invisible when working. A modern car with traction control feels like a car with infinite grip, because every micro-slip is corrected before the driver perceives it. Before TC, accelerating hard in the wet meant balancing the throttle against tire grip — a skill drivers no longer need.