Lloyd George's economic outlook rests on the belief that properly managed trade growth can increase employment and improve living standards. Protecting shipping therefore supports his wider aim of reducing poverty through economic growth. Dominion warships would initially be built in Britain, while local yards first acquired the capacity to maintain them. Existing facilities in Bombay, Australia, and Canada provide starting points for gradual development.
Notable Point · 1:19:47-1:21:05
Trade, employment, and the case for local naval yards
Lloyd George's belief that managed trade growth could reduce poverty gives the scenario an economic case for naval protection and local maintenance facilities.