A concise analysis of the decay of the merchant marine through the failed policies that have been imposed upon the industry
The Abandoned Ocean offers an in-depth appraisal of United States maritime policy from the establishment of a merchant marine immediately after the Revolutionary War through radical industry transformations of the late twentieth century. In this sweeping analysis of federal policies that promote, regulate, protect, and subsidize American shipping in coastal and foreign trade, Andrew Gibson and Arthur Donovan also examine the closely related fortunes of the shipbuilding industry and the intertwined activities of the merchant and military navies. The authors consider why, since the middle of the nineteenth century, United States maritime policy has been so strikingly unsuccessful in achieving its stated goal of promoting a commercially viable merchant marine engaged in foreign trade.