[The Old Merchant Marine by Ralph D. Paine]@TWC D-Link book
The Old Merchant Marine

CHAPTER VII
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This latter legislation was enacted in 1828 and definitely abandoned the doctrine of protection in so far as it applied to American ships and sailors.

For a generation thereafter, during which ocean rivalry was a battle royal of industry, enterprise, and skill, the United States was paramount and her merchant marine attained its greatest successes.
There is one school of modern economists who hold that the seeds of decay and downfall were planted by this adoption of free trade in 1828, while another faction of gentlemen quite as estimable and authoritative will quote facts and figures by the ream to prove that governmental policies had nothing whatever to do with the case.

These adversaries have written and are still writing many volumes in which they almost invariably lose their tempers.

Partisan politics befog the tariff issue afloat as well as ashore, and one's course is not easy to chart.

It is indisputable, however, that so long as Yankee ships were better, faster, and more economically managed, they won a commanding share of the world's trade.


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