Capital ships, cruisers, and small carriers would sustain skilled yards and suppliers that historically lost work between the treaties and the Depression. Wages paid through naval construction circulate into other businesses, preserving demand and taxable activity beyond the shipyard gates. Britain and the United States could therefore enter the 1929 crash with more industrial capacity already employed and with projects available for countercyclical spending. This cushion would not eliminate the downturn, but it could make domestic unemployment and recovery easier to manage.
Notable Point · 2:21:31-2:25:44
Continuous shipbuilding could soften the Depression
A larger treaty fleet keeps shipyards, suppliers, and wages active, giving Britain and America an industrial cushion after the Wall Street Crash.