German and Soviet carrier construction would place further pressure on France after the Anglo-German Naval Agreement. The video suggests France might leave the Second London Naval Treaty and build a modern carrier response. Mussolini's determination not to be excluded from a major-power capability would then pull Italy toward its own carrier programme. With Japan, France, and Italy outside effective limits, continued Anglo-American restraint would lose much of its strategic purpose.
Notable Point · 1:08:19-1:09:44
French and Italian carriers collapse treaty restraint
French withdrawal and an Italian demand not to be excluded could leave Britain and the United States limiting themselves while the other major fleets build.