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Essex, a centre of shipbuilding from the 1720s to the 1840s, was raided during the War of 1812.
In his first 100 days he says he will push the navy to increase shipbuilding from nine to 15 warships a year.
Mr. Romney wants the Navy to increase shipbuilding from 9 ships per year to 15, at a cost of billions more.
"The problem with this conversation is that it's like discussing the future of shipbuilding from the deck of the Titanic," said Roberto G. Quercia, director of the Center for Community Capital at the University of North Carolina at Chapel Hill.
The largest commercial area, still known as Essex Village, is on a peninsula in the river and was known for shipbuilding from the Revolutionary War to the Civil War.
Ships like YK27 have shed light on a transition in the history of shipbuilding, from the time-consuming shell-based (outside-in) mode of construction, favored in antiquity, to the more efficient skeleton-based (inside-out) mode that prevailed during the Middle Ages.
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Westerly was a shipbuilding centre from its early days until the 19th century.
Mitt Romney, considered by many the Republican front-runner in the presidential race, declared recently he would "reverse the hollowing of our Navy and announce an initiative to increase the shipbuilding rate from 9 per year to 15".
Some of them would go on stepping up the navy's shipbuilding rate from nine a year to 15, and another 100,000 people would be added to the armed forces.
The defence minister, Marise Payne, has lost some of her responsibility to Christopher Pyne, who has been handed a new portfolio of defence industry which will oversee the naval shipbuilding plan from the defence white paper.
As Northern Rock collapsed, so did average home prices in the former shipbuilding centre, from a peak of £113,172 in August 2008 to £74,702 in December 2012, according to Land Registry figures.
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