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The maritime history of the United States goes back to the first successful English colony was established in 1607, on the James River at Jamestown. It languished for decades until a new wave of settlers arrived in the late 17th century and set up commercial agriculture based on exports of tobacco to England.
Tariffs have historically served a key role in the trade policy of the United States. Their purpose was to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a protective barrier around infant industries. [ 1 ]
Alaska historian Terrence Cole Since the completion of the Trans-Alaska Pipeline System in 1977, the government of the state of Alaska has been reliant on taxes paid by oil producers and shippers. Prior to 1976, Alaska's personal income tax rate was 14.5 percent—the highest in the United States. The gross state product was $8 billion, and Alaskans earned $5 billion in personal income. Thirty ...
v. t. e. The Oil Pollution Act of 1990 (OPA) was passed by the 101st United States Congress and signed by President George H. W. Bush. [ 1 ][ 2 ] It works to avoid oil spills from vessels and facilities by enforcing removal of spilled oil and assigning liability for the cost of cleanup and damage; requires specific operating procedures; defines ...
July 1990 marked the end of what was at the time the longest peacetime economic expansion in U.S. history. [2] [5] Prior to the onset of the early 1990s recession, the nation enjoyed robust job growth and a declining unemployment rate. The Labor Department estimates that as a result of the recession, the economy shed 1.623 million jobs or 1.3% ...
The United States Merchant Marine [1] [2] is an organization composed of United States civilian mariners and U.S. civilian and federally owned merchant vessels.Both the civilian mariners and the merchant vessels are managed by a combination of the government and private sectors, and engage in commerce or transportation of goods and services in and out of the navigable waters of the United ...
Sara Thompson, 2690/5840 tons, was also British-built, in 1888 as the SS Gut Heil, and was purchased in 1917. Robert L. Barnes, a 1630/3850-ton Great Lakes tanker, was built in 1914 and purchased in 1918. With the advent of the Navy's new hull-numbering system in 1920 they were designated AO-8 and AO-14.
By 1775 the population had grown to 6.1 million, of which 2.1 million were white, 540,000 black and 3.5 million Native American, giving the colonies about one-third of the population of Britain. The three most populated colonies in 1775 were Virginia, with a 21% share, and Pennsylvania and Massachusetts with 11% each.