How the Great Depression shaped naval development

How might global navies have developed if the Great Depression had not happened?

They might have had more money, but they would also have lost the employment-driven incentive behind some naval spending; the effect cuts both ways.

The Great Depression cut both ways for naval development. Falling revenues reduced the money governments could spend on fleets. Shipbuilding and armament orders could also be justified as ways to sustain employment and industrial activity. Some naval expenditure answered economic policy as well as strategic demand. Without the Depression, navies might have had more money and less political incentive for employment-driven construction.