On Economic Dependence or Independence?

“We have been all too long oblivious to the duty which we owe to ourselves as a nation. It cannot be a sound business policy to employ our competitors to transport our production to market. It cannot be a sound business policy to neglect this second line of our naval defense. No nation ever long maintained a place in the world without a merchant marine. No nation has ever failed to grow great and powerful that had the advantage of such foreign trade as ours when borne in its own ships. This great prize cannot be developed without effort. It cannot be secured without expense. If the people want it they must be prepared to pay for it, but the rewards of security, of prosperity, of those commercial relationships which make for the peace of the world and for the advancement of an enlightened civilization will repay us many fold.” — Vice President Calvin Coolidge, August 15, 1922, Portland, Oregon

Coolidge at the dedication of the Theodore Roosevelt statue in Portland, Oregon’s south park blocks. Photo credit: Oregon Historical Society.

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