Interwar navies without treaty limits would receive more investment, though the extra spending would not prevent the Great Depression. Warships offered governments a familiar way to support industry while publicly avoiding direct economic management. A major ship distributed orders among yards, machinery firms, fittings suppliers, furniture makers, and local employers. Naval procurement could therefore move public money through a wide supply chain with relatively few additional uniformed personnel.
Chapter · 1:50-4:28
Naval procurement as economic stimulus
Naval building could spread industrial work during economic downturns without curing the Great Depression.