Complex sentence: White Star joined the American-owned International Mercantile Marine Co. in 1902 and the British Government provided Cunard with substantial loans and a subsidy to build the two superliners needed to retain its competitive position.
Split into simpler sentences: White Star joined the American-owned International Mercantile Marine Co. in 1902. The British Government provided Cunard with substantial loans and a subsidy to build the two superliners needed to retain its competitive position.