As seen in this thread, there are multiple options for bleeding brakes, I found this link describing them.
http://www.nbsbrakesupplies.com.au/technical-information/bleeding-brake-systems.htmlSomewhere I read that when new cars are built in the factory they use a pressure system, but I could not find any details. For about the last twenty years, US cars have come standard with ABS. I am pretty sure shops and dealers are using a factory SCAN tool or aftermarket ODBII tool using the ABS pump to pressure bleed the systems.
A suggestion to someone doing brakes on a 40-50 year old car. If not replacing the calipers and wheel cylinders, make sure you can open the bleeder screws without breaking them off, before replacing pads and shoes. If not replacing the wheel cylinders and calipers, consider buying rebuild kits, they are cheap and easy to install. Replace all rubber brake hoses and seriously consider replacing all steel brake lines, they can rust from the inside out.