By Rene De La Pedraja
A finest authority has written the 1st accomplished reference concerning the U.S. service provider Marine and American transport from the creation of steamships to brand new diesel containerships--showing the impression of politics, economics, and expertise on maritime historical past over the last centuries. Over 500 entries describe humans, inner most businesses, enterprise and exertions teams, engineering and technological advancements, govt organisations, phrases, key legislation, landmark instances, matters, occasions, and ships of word. brief lists of references for additional examining accompany those entries. Appendices comprise a chronology, diagrams of presidency enterprises, and lists of commercial and hard work teams through founding dates. An strangely huge index lends itself to the various examine pursuits of scholars, academics, and pros in maritime and monetary historical past, business-labor-government kinfolk, and armed forces studies.
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Extra info for A Historical Dictionary of the U.S. Merchant Marine and Shipping Industry: Since the Introduction of Steam
Casey* 1969 James J. Reynolds 1970-1980 Thomas J. Lengyel 1985-1987 Ernest J. Corrado 1987-present References: American Shipper, February 1978, March 1987, August 1991; Congressional Record, 8 September 1971; Gale Research, Encyclopedia of Associations, 197 1980, 1985-1993; New York Times, 19 January 1969. AMERICAN LINE, 1873-1884. The Pennsylvania Railroad established the American Line in 1873 to try to attract cargoes to Philadelphia for loading aboard the company's trains. The railroad was forced to organize its own steamship line in order to compete against New York railroads: while New York City could count on adequate foreign-flag lines to bring abundant cargoes to the port, unless deliberate action was taken, few ships would call in Philadelphia.
Alexander was overextended, he had heavy loan obligations outstanding, and the stock of the Admiral Line had dropped precipitously in price. Since 1919 Robert Dollar* and his sons had begun buying shares quietly through dummy firms, until by 1921 the Dollars owned more stock than Alexander himself in the Admiral Line, although the family still did not have a controlling interest. * Alexander took very bitterly the loss of his transpacific service and chafed at being under the vigilance of the Dollars, but with no other alternative left, he remained president of the Admiral Line and was still far from powerless.
Maritime Commission* the American Pioneer Line service to India in 1939. The remarkable comeback of AEL was so strong that Coverdale decided to enter the new field of aviation in 1937, through a new subsidiary, American Export Airlines. The airline company pioneered nonstop transatlantic passenger service and was a very profitable venture. American Export Airlines lasted until 1945, when intense lobbying by Pan American Airlines convinced the Civil Aeronautics Board to prohibit the ownership of scheduled airline services by steamship companies.