The Effect of Government Subsidies on the United States Merchant Marines
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Subsidies are needed to maintain our merchant marine fleet. Our past subsidy programs have failed to change to meet current situations. This flaw is one of the major reasons why our fleet has deteriorated. If future policies are adopted, that are capable of handling present problems, and are flexible enough to meet future needs, then I feel our merchant marine will again rise to a place of importance which it once held.