=Future of Foreign Commerce.=—Ocean transportation has made enormous
strides forward during the past twenty years. [Sidenote: What new
inventions may do for trade.] Wireless communication now enables ships
to keep in touch with each other and with the shore, thus making
navigation safer. It has been demonstrated by naval experiments that
great ships can be steered and their machinery controlled by radio
apparatus in the hands of men several hundred miles away. Then there is
the airship and the airplane, in both of which it has been shown to be
possible to cross the Atlantic far above the surface without a stop. It
seems to be beyond doubt that air carriers will, even within our own
generation, be used to carry mail overseas as they are now being used on
land, and probably passengers as well. The day may come when goods,
also, will be ferried through the air from continent to continent in
less than a single day. The march of invention in this as in other
fields is so rapid that no one can tell today what the morrow may bring
forth.[170] But of one thing we may be hopeful: that even as the era of
rail transportation served to bring all parts of the country into more
intimate relation, so may it come to pass that the world of the future
will find all its distant parts brought into more friendly contact by
the development of these twentieth-century miracles of rapid transit.
=Commerce and Peace.=—Commerce between countries helps to promote
international good-feeling and friendship. It is true that commercial
rivalries have sometimes inspired international jealousy and have even
paved the way to war; but legitimate trade, honestly carried on between
nations, is far more likely to prove a means of drawing them together.
From their commercial intercourse nations derive mutual profit. By
trading with one another they learn to understand each other. Isolation
makes for suspicion and war. World commerce makes for peace.
General References
H. G. SELFRIDGE, _The Romance of Commerce_, pp. 230-239; 318-349;
C. F. CARTER, _When Railroads Were New_, pp. 33-74;
E. R. JOHNSON and F. W. VAN METRE, _Principles of Railroad
Transportation_, pp. 492-534;
CLIVE DAY, _A History of Commerce_, pp. 485-517; 564-579;
E. R. JOHNSON, _American Railway Transportation_, 2d ed., pp. 52-68;
367-385;
ISAAC LIPPINCOTT, _Economic Development of the United States_, pp.
520-549; 611-634;
F. W. TAUSSIG, _Principles of Economics_, Vol. I, pp. 508-545
(Protection and Free Trade); Vol. II, pp. 363-396 (Railway Problems);
JAMES T. YOUNG, _The New American Government and Its Work_, pp. 119-140
(The Regulation of Commerce); 187-202 (Federal Power Over Interstate
Commerce);
W. B. MUNRO, _Government of the United States_, pp. 246-264 (The
Commerce Power);
H. R. BURCH, _American Economic Life_, pp. 273-296;
C. R. VAN HISE, _Concentration and Control_, pp. 4-34; 170-192;
I. L. SHARFMAN, _The American Railroad Problem_, pp. 100-186.
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