At the conclusion of the First World War, Great Britain ranked highest among the world's great maritime Powers, with a fleet materially enriched by the wartime construction of over fifteen hundred vessels and a naval establishment edified by its 1914-1918 experience in the use of the new Navy. Consequently, it was not apparent to other than the most astute observer that the Royal Navy had, in fact, reached the pinnacle of its ascendancy. [...]

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