If the German fleet were not scuttled at Scapa Flow

How would events change if Germany did not scuttle its fleet after the First World War?

The Washington Naval Treaty as signed in 1922 probably would not happen, and capital-ship construction could continue until a later settlement.

If German battlecruisers and battleships were divided among the victors, Britain would feel less secure about stopping its own building program. The altered balance would also complicate the ratios and bargaining that produced the Washington Naval Treaty. Arms limitation might still arrive, but the panel expects a later and substantially different agreement, perhaps near the end of the 1920s.