[长难句突破]

For a while it looked as though the making of semiconductors, which America had invented and which sat at the heart of the new computer age, was going to be the next casualty.

主体句式：It looked as though...

结构分析：本句的主干中it是主语，looked是系动词，as though引导的从句是表语。表语从句中的主语是The making of semiconductors was going to be the next casualty，主谓之间以and连接两个用which引导的定语从句，用来修饰semiconductors。

[全文译文]

A history of long and effortless success can be a dreadful handicap, but, if properly handled, it may become a driving force. When the United States entered just such a glowing period after the end of the Second World War, it had a market eight ties larger than any competitor, giving its industries unparalleled economies of scale. Its scientists were the world's best, its workers the most skilled. America and Americans were prosperous beyond the dreams of the Europeans and Asians whose economies the war had destroyed.　

It was inevitable that this primacy should have narrowed as other countries grew richer. Just as inevitably, the retreat from predominance proved painful. By the mid-1980s Americans had found themselves at a loss over their fading industrial competitiveness. Some huge American industries, such as consumer electronics, had shrunk or vanished in the face of foreign competition. By 1987 there was only one American television maker left, Zenith.(Now there is none: Zenith was bought by South Korea's LG Electronics in July.)Foreign-made cars and textiles were sweeping into the domestic market America's machine-tool industry was on the ropes. For a while it looked as though the making of semiconductors, which America had which sat at the heart of the new computer age, was going to be the next casualty.

All of this caused a crisis of confidence. Americans stopped taking prosperity for granted. They began to believe that their way of doing business was failing, and that their incomes would therefore shortly begin to fall as well. The mid-1980s brought one inquiry after another into the causes of America's industrial decline. Their sometimes sensational findings were filled with warnings about the growing competition from overseas.

How things have changed! In 1995 the United States can look back on five years of solid growth while Japan has been struggling. Few Americans attribute this solely to such obvious causes as a devalued dollar or the turning of the business cycle. Self-doubt has yielded to blind pride." American industry has changed its structure, has gone on a diet, has learnt to be more quick-witted," according to Richard Cavanagh, executive dean of Harvard's Kennedy School of Government," It makes me proud to be an American just to see how our businesses are improving their productivity, says Stephen Moore of the Cato Institute, a think-tank in Washington, DC. And William Sahlman of the Harvard Business School believes that people will look back on this period as" a golden age of business management in the United States."

长期轻而易举地获得成功的历史可能成为一种可怕的不利因素，但若处理得当，这种不利因素也有可能转化为一种积极的推动力。二战结束后，美国恰好进入了这样的一段辉煌时期，当时，它拥有比任何竞争者大8倍的市场，这使得其工业经济带具有前所未有的规模经济。美国的科学家是世上最优秀的，它的工人是技术最强的。美国的繁荣是那些经济遭到战争破坏的欧亚诸国做梦也无法达到的。

随着其他国家日益强盛，美国的这一优势地位逐渐下降是不可避免的。从优势地位上退出的痛苦也同样是在所难免的。到了20世纪80年代中期，面对其日益衰退的工业竞争力，美国人感到不知所措。面对国外竞争，一些像消费电子产业之类的大型美国工业已经萎缩或渐渐消失。到1987年，美国只剩下Zenith一家电视生产商。（现在一家也没有了：Zenith于当年7月被韩国LG电器公司收购。）外国制造的汽车和纺织品正大举涌入国内市场。美国的机床工业也即将消失。在新计算机时代有着核心作用的半导体正是美国人发明的，但是有一段时期这个产业也似乎面临崩溃。

所有这一切导致了信任危机。美国不再视繁荣为理所当然之事。他们开始相信自己的商业经营方式不灵了，并相信不久他们的收入也会因此而下降。80年代中期，人们对美国工业衰退的原因作了一次又一次的探寻。在美国人那些有时耸人听闻的发现中，充满了对来自海外的经济竞争的警告之词。

情况的变化真快！1995年，当日本还在奋力拼搏的时候，美国却可以对5年的稳固发展作回顾了。没几个美国人将这一巨变单纯地归因于美元贬值或商业周期循环这些显而易见的原因。到如今，对自我怀疑已被盲目乐观所取代。"美国的工业已经改变了结构，消除了滞胀，学会了明智"，这是哈佛大学肯尼迪管理学院行政院长理查德·卡佛纳的看法。华盛顿特区的智囊团--卡托研究院的史蒂芬·莫尔说，"看到我们的企业正在提高生产率，作为一个美国人，我感到自豪。"哈佛商学院的威廉·萨尔曼相信人们将会把这一时期视为"美国企业管理的黄金时代"。