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While manufacturing remained a large

decades run as high as one million”.

part of Chicago’s economy throughout

According to an Economist report,

the first half of the 20th century, with

large foreign manufacturing compa-

an estimated 1,400 companies work-

nies like Foxconn and Electrolux are

ing to create military goods during the

reducing their manufacturing commit-

Second World War, the city’s municipal

ments across the United States, citing

architecture and rising labour costs lead

higher tariffs and higher wages. At the

to a reduction in the scale of its indus-

same time, “Caterpillar, a legendary

trial dealings throughout the post-war

American maker of heavy equipment,

decades. According to the Encyclopae-

reported disappointing profits for the

dia Britannica, “estimates of industrial

fourth quarter thanks in part to a slow-

jobs lost during the first four post-war

down in China’s economy, which has w w w.busi ne ssc hief. com

Profile for Business Chief USA

Business Chief USA Magazine – April 2019  

Business Chief USA Magazine – April 2019