How to be Visionary: First Principles & Learning from History
Today I write a more personal note, which we don’t often do in these newsletters. My lifelong study of businesses, working in them and starting them, has led me to think about how one sees the future clearly. The many great business leaders we profile on...
Six Simple Steps to Building A Great Lasting Company
One of our key goals at the American Business History Center is to learn lessons from the successes and failures of the past. In most of our weekly articles, we leave it to our readers to draw their own lessons, although we occasionally touch on what can be...
U.S. States Population Animated Chart 1790-2020
This week we present another of our popular animated charts. In this one, we show the populations of the states of the United States from the Census, every ten years from 1790 through 2020. The list is long, including all fifty ultimate states. The data...
America’s Largest Airlines 1950-2019 in Two Animated Charts
The United States airline system, one of the technological and business wonders of the twentieth century, evolved in the 1920s and 1930s. With early subsidies from the Post Office for carrying mail, airplanes began connecting US cities. With successive air...
Two Books: The American West and Business History
July 9 is the deadline for our high school essay contest, with $7500 in prizes, including $3000 for the best essay. PLEASE SPREAD THE WORD! …. and, by the way, this is the 100th issue of our free weekly newsletter! Today we recommend two books for our fellow...
Business History on the Rise
On May 8, 2019, two years ago, four of us launched the American Business History Center. As enumerated below, we are pleased with the growth of our weekly newsletter and our website traffic (shown above). Your donations have helped us continue our work and will help...
Americans Vote with Their Feet
Last week, the Census Bureau published their annual estimates of population, as of July 1, 2020. Population trends underly all economic activity, so we study that data as soon as it is released. The fastest growing and shrinking cities and metropolitan areas...
Superwealth: A Historical Perspective
Few business subjects fascinate people as much as the very wealthy. Our obsession with celebrity goes back centuries but seems to have accelerated in recent decades. Forbes produced its first list of the richest Americans in 1982 and later started publishing it...
Success Lost & Found: Sherwin-Williams
While most big companies disappear over time (as shown in our recent newsletter), some figure out how to survive and prosper decade after decade, even century after century. But is the journey from founding to long-term durability a straight path? Today...
Big Rich, Big News, & A Short Book
Big Rich Forbes magazine just released their annual list of the richest people in the world, topped by Jeff Bezos at $177 billion and Elon Musk at $151 billion. Computer scientist and founder of the incubator Y Combinator Paul Graham has written an excellent...
Bye Bye, New York
One of the most significant shifts in American business over the last several decades has been the shrinking number of big corporations headquartered in New York City. At first, some moved “upstate” to the New York suburbs and to Connecticut. But more...
Giant Companies Rarely Survive
A careful study of this week’s list will show you the huge American industries which once dominated stock markets, employment, and community life, but which are not as important in the age of Amazon and Google. Our readers know we love lists. There are few other...
Retailing Trends 1992 through 2020
The $6.3 trillion US retailing industry has evolved continuously since the end of the Civil War, when the first chain grocery stores and first department stores began to develop. This chart, based on data from the US Census, shows how the different types of...
Forgotten Business Giant: Charles M. Schwab
We are all familiar with the visionary entrepreneur Charles R. Schwab who pioneered the discount stock brokerage industry in the 1970s. But almost no one remembers the unrelated Charles M. Schwab, one of the most important business leaders in American history....
The Three Greatest American Companies of All Time
We wrote this five years ago, before the American Business History Center was founded, but we stand by our choices. For the last 52 years, I have been obsessed with understanding what makes a company great. What leads to success; what leads away. This led me to...
The Biggest Companies in the World
Fifty-seven years ago, meatpacking giant Swift was the 15th largest public company in the world. Today that 15th spot is held by American health insurer UnitedHealth. Apple sits in the 12th position formerly held by Texaco, now part of Chevron. ...
Business Stories 90 Years Ago
Fortune Magazine, the Wonder of the 1930s In February 1930, the greatest American magazine publisher, Harry Luce, produced the first issue of Fortune magazine. His seven-year-old Time magazine had become a huge success. Luce and his company then created...
What If These Planned Mergers Had Happened?
Mergers and acquisitions have been common throughout business history. Three major waves were particularly important: the building of the trusts, trying to dominate each industry, in the 1890s; another round of industry consolidations in the roaring 1920s; and...20 Most Valuable Fortune 500 Companies 1995-2020
Most Valuable Companies: The Last 25 Years
On Market Capitalization as a Measure of Size or Success Your history reporter has been studying big business for fifty-seven years (I started subscribing to Fortune magazine in 1963, when I was twelve years old). Over the decades, we have witnessed many...
America’s Highest Profit Companies 1994-2019
This week we present another of our animated charts based on Fortune magazine’s annual lists of the 500 largest US public companies (based on revenues). This time, our focus is on the companies which made the highest dollar profits, from 1994 through 2019. You...Fortune 500 20 Most Profitable Companies 1994 to 2019
Largest Fortune 500 Employers 1994 Through 2019
Big Companies Hiring (and Laying Off) Employees
This week we present another of our animated charts based on Fortune magazine’s annual lists of the 500 largest US public companies (based on revenues). This time, our focus is on the largest employers among these big companies, from 1994 through 2019. You...Dinosaur Age: Charting Giant Companies 66 Years Ago
Dinosaur Age: Charting Giant Companies 66 Years Ago
“Last week we brought you an unprecedented animated chart of the Fortune 500 list since 1994. Here we go back another 40 years, when steel companies and meatpackers were still giants. Taken together, you can learn a lot from 65 years of history.” Last...
25 Years of the Fortune 500 Animated Chart
The saga of American business in one chart! The fall of Enron, the rise of Apple and Amazon, the enduring legacy of John Rockefeller in Exxon and Chevron – see the years fly by! Below the two charts is more information about the history and quirks of...Largest US Companies 1994-2019 Animated Chart
Beyond Wall Street: Great Family Businesses
America has hundreds of thousands of privately-held, family-owned businesses. Thousands of them are large. The list of the largest ones is topped by the hundred-billion-dollar grain and commodities dealer Cargill, the diversified Koch Industries, and candy...
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