The American version is "Columbia, the *gem* of the ocean". The rest of the words are likewise very similar. Clearly a direct & shameless steal.

IIRC from my school days:

Columbia, the gem of the ocean,
The home of the brave and the free,
The shrine of each patriot's devotion --
A world offers homage to thee.
Thy mandates make heroes assemble
While liberty's form stands in view.
Thy banners make tyranny tremble.
Three cheers for the red, white, and blue!