Many of Philadelphia’s business enterprises were established in the 1700s, but the city’s economy has changed greatly. Such old and once-dominant industries as textile mills met stiff competition from the South and from abroad. Industry was given a boost by World War II but began to decline later; thousands of jobs were lost in the 1960s. Nonmanufacturing and service industries, however, continue to increase employment and now dominate the economy. High-technology industries such as communications, computer software, and Internet commerce became important in the late 20th century. Printing and publishing and food processing are major factors ... (100 of 6,801 words)
