U.S. Shipbuilding Is at Its Lowest Ebb Ever

In 1919, Ralph D. Paine began a brief history of the old U.S. merchant marine with these words:

“The story of American ships and sailors is an epic of blue water which seems singularly remote, almost unreal, to the later generations. A people with a native genius for seafaring won and held a brilliant supremacy through two centuries and then forsook this heritage of theirs. The period of achievement was no more extraordinary than was its swift declension.”

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