In celebration of July 4th, here is an article discussion the formerly great American watch industry (originally published in September 2014):

It needs to be said and clarified: The American watch industry was once the envy of the entire world, including the Swiss watch industry.

Period.

The problem is that this is far from known or even close to being known. Myself included, it took a while to take that statement anywhere close to serious.

But, again it's absolutely true.