The New Internationalism

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We like to say that the projectiles hurled by the Monitor and the Merrimac reached across the At- lantic and sent the wooden navies of Europe to the junk shop; yet while Europe repeated the miracle of Elisha and made iron float, the Ameri- 128 OUR PICTURE OF FOREIGN TRADE can merchant marine declined. This was not because the Old World snatched the secret of the sea from New England. There is more enterprise to-day in the United States than when Yankee packets sailed to every port. Our own cont
...inental opportunity, which has made us indifferent to reciprocity, which permits us to look on with un- concern while Switzerland sells us more cotton goods than we export to Europe, which has made us indifferent to the passing of Latin-American trade to our rivals, and which has permitted the commerce of our Asiatic archipelago to go to all nations, explains the decline of our merchant marine.
It is simply because there is more business done on the American continent than there is through- out the entire circle of the seas.


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