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I suppose the main, unexpected consequence, there the UK was concerned, was the reduction in maximum (standard) displacement under the treat from 45000tons to 35ooo tons and the building holiday that gutted the privately owned UK industry. Ironically the US, home of the free market etc. etc. had government owned navy yards and was able to better maintain capability than many, if not all, other countries, for the simple reason they did not need to make a profit to keep operating.