Which navy got the best deal from 1920s aircraft-carrier conversions?
Short answerThe US Navy probably received the best ships, though Britain gained useful experimental carriers and Japan an uneven pair.
NotesThe comparison separates raw ship quality from what each navy learned through conversion. Courageous, Glorious, and Furious used less treaty tonnage and gave Britain several experimental decks suited to developing its own operating methods. Japan received an uneven pair because Akagi began as a battlecruiser while Kaga came from a battleship hull. Lexington and Saratoga were the strongest individual conversions, but the American program also took the longest to deliver its finished carriers.