That article was read by a young navy officer named Douglas Engelbart, who was inspired to build an experimental system for storing and retrieving hypertext documents. Engelbart and his team invented many things we take for granted like user interfaces with windows and the mouse. In 1968 he gave a very influential demonstration of his system.
Note that JCR Licklider, who envisioned and led in the funding of much of the research that led to both the personal computer and the Internet, was a young colleague of Bush at MIT.
When the Internet came along, programmers at the University of Minnesota developed Gopher, a client-server system for linking text documents. But, Gopher links were not inside documents like Web links -- they were on a table of contents page -- and you could not have images in Gopher documents.
Gopher was quite popular until Tim Berners-Lee invented and published the Web protocol, which allowed links inside documents and images.