Page 285 - Are You Future Ready?
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Chapter Four - Right People
4.10
Turn your belief
into reality
With the rise and fall of the industrial sectors in the United
States over the past 100 years, we can see a surprising
progression from the old economy to the new.
Recently, Forbes, the financial magazine, listed the most
prosperous industries and significant corporate changes in 283
the U.S. over the past 100 years. A century ago, in 1917,
the iron and steel industry was the dominant industrial
sector. The market capitalisation of the industry was
almost two and a half times of that for the oil industry
which ranked No.2, it was more than three times that of the
mining industry, which ranked No.3. Carnegie's U.S. Steel
had the largest market capitalisation at that time, followed
by AT&T in the telecommunications industry, and Standard
Oil.
