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The Impact of the Jones Act on the American Shipping Industry
This chapter explores the history, purpose, and consequences of the Jones Act, a law that mandates the use of American-built ships for transporting cargo between American ports. It discusses the lack of competition in the American shipbuilding market, the higher prices and fewer ships being built, and the shift towards using trucks and trains instead of water transportation. The chapter also discusses potential solutions and the political dynamics surrounding the Jones Act.