When WWII ended, the world, and especially the US, was suddenly faced with far more ships and shipbuilding capacity than it needed. Merchant ship capacity had actually increased by 20% between 1939 and 1947, much of which was due to the enormous number of ships built by the US during the war. The US had increased its merchant ship volume by 236% during the same years, going from having 4% of the world merchant fleet to 36%. Of the 2700(!) Liberty Ships built during the war, 2400 of them survived .
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