By VLADIMIR YOURKEVITCH
It is often said that History repeats itself. After World War I came World War II; and just as victory terminated the first World War, so the second World War will undoubtedly also end in victory.
A tremendous change occurs in the whole world after such a great war--particularly in industry and in shipping.
The outbreak of war brings with it immediately a huge growth of the merchant marine. It will suffice to say that in order to transport 1,000,000 men across the Atlantic in peace time, it would be necessary to make use of all existing transatlantic liners of all maritime countries for a whole year; but war demands the transportation of over 2,000,000 soldiers overseas in the space of a few months, and the armies so transported will have to be brought back as soon as possible after final victory.
After World War I there was a boom in transatlantic shipping which lasted for some 10 years (until 1930), and then dropped in the next few years to one-half of the number of passengers carried (in 1933).
The transatlantic liners of 1930 showed excellent profits, and there was at that time great demand for even larger, more luxurious and expensive ships. Liners like the "Ile de France" grossed about