Chapter 1033: Chapter 776: Naval Arms Race

As time entered mid-March of 1931, the Powers faced a difficult choice: whether to renew the Naval Limitation Treaty or not.

It must be admitted that the Naval Limitation Treaty had been quite beneficial for world peace.

Under the constraints of the Naval Limitation Treaty, the investment in military expenditure by various countries was reduced by at least 30%, also avoiding competition caused by naval expansion.

But the problem was that this so-called Naval Limitation Treaty was not equally fair to every country.

The naval size ratios agreed upon at that time were 60:55:35:35:30:17.5.

After the fall of the United States, the naval size limitations no longer applied to the smaller nations that emerged from its dissolution.

After all, those small nations didn't have enough scale, and their economies could not sustain a large fleet.