=The Merchant Marine.=—In order that a country may build up a profitable
foreign trade it should have vessels of its own in which to carry
exports and imports. Trade that depends entirely upon the use of foreign
vessels is insecure, because the outbreak of war between two or more
foreign countries may keep these ships at home. So the development of
American maritime commerce has seemed to make desirable the maintenance
of a merchant fleet under the American flag. [Sidenote: Early American
shipping.] Since the Revolution there has always been such a fleet;
sometimes it has been large, but more often it has been small.[168]
After 1915, when the German submarine campaign resulted in the wholesale
sinking of British and French merchant vessels, the demand for ships
became acute. [Sidenote: The building of ships during the war.] American
shipyards once more grew busy and expanded rapidly. In 1916, moreover,
Congress passed a Shipping Act, designed to foster the growth of the
merchant marine, and when the United States entered the war in 1917 an
Emergency Fleet Corporation was created to build a great flotilla of
vessels at the public cost and a Shipping Board to operate them. The
work was not completed when the war came to an end, nevertheless several
hundred vessels were added to the list of America’s ocean carriers. As a
result of these efforts the merchant marine of the United States is once
more the second largest in the world; but the problem now is to keep
these ships busy. Foreign trade began to fall off after the American
forces had been brought back from Europe and hundreds of the new ships
have remained tied up in American harbors. Some have been sold to
private companies; others have been operated by private companies under
lease; still others are being operated directly by the Shipping
Board.[169]
=The Bureau of Foreign and Domestic Commerce.=—The progress of foreign
commerce depends not only upon ships and ports but upon the possession
of accurate knowledge concerning the course of markets and prices
abroad. Data on such matters are gathered, as has been pointed out, by
the American consular service. [Sidenote: Statistics of trade—their
value.] This is supplemented, however, by statistics collected for the
Bureau of Foreign and Domestic Commerce at Washington, an office which
is maintained to provide American business men with accurate and
up-to-date information concerning every branch of foreign commerce. The
bureau collects and translates the tariff laws of foreign countries,
makes investigations into the cost of producing goods both in America
and abroad, and studies all possible methods of making American foreign
trade more profitable. It affords a good illustration of the way in
which the government, without itself engaging in trade, may assist the
private enterprises of the people.
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