How would a battle in which Hood and Bismarck sank each other be remembered?
Short answerGermany would claim a heroic upset, while Britain would honour Hood's sacrifice, accept the strategic trade, and probably reuse her name on a new battleship.
NotesGermany would frame the battle as a David-and-Goliath success even though Bismarck was also lost. Britain would grieve Hood while treating her as a ship that completed the mission through sacrifice. Strategically, exchanging one capital ship for one enemy battleship would not seriously alter the Royal Navy's larger numerical position. The emotional importance of the loss would probably lead to Vanguard or another new capital ship receiving the name Hood.