Critical Position of Shipbuilding Industry
The american shipbuilding- industry—vital to national security—is going through another of the recurrent crises that have plagued it from the beginning; meanwhile, American ocean shipping is meeting stiff competition from foreign operators. Calls for bigger construction and operating subsidies, and for other forms of government relief, consequently have been rising. Industry and congressional spokesmen alike have warned that, unless the shipbuilding and ship repairing branches of the maritime industry are given prompt aid, shipyards will shut down, some permanently. Yet strong pressure for economy in government expenditures has made Congress follow a cautious course on pending measures to assist the industry.
Experience has shown that the need for a healthy maritime industry is widely appreciated only in wartime. The United States ...