Dreadnought Building
Dreadnoughts were developed as a move in an international battleship arms-race which had begun in the 1890s. The British Royal Navy had a big lead in the number of pre-dreadnought battleships, but a lead of only one dreadnought. This has led to criticism that the British, by launching HMS Dreadnought, threw away a strategic advantage. However, most of the United Kingdom's naval rivals were themselves contemplating or even building warships that featured a uniform battery of heavy guns. Both the Japanese Navy and the US Navy ordered "all-big-gun" ships in 1904–05, with the Satsuma and South Carolina ships, respectively. Germany's Kaiser Wilhelm II had advocated a fast warship armed only with heavy guns since the 1890s. By securing a head start in dreadnought construction, the United Kingdom ensured that its dominance of the seas continued.
The battleship race soon accelerated once more, placing a great burden on the finances of the governments which engaged in it. The first dreadnoughts were not much more expensive than the last pre-dreadnoughts, but the cost per ship continued to grow thereafter. Modern battleships were the crucial element of naval power in spite of their price. Each battleship was a signal of national power and prestige, in a manner similar to the nuclear weapons of today. Germany, France, Russia, Italy, Japan and Austria all began dreadnought programs, and second-rank powers including the Ottoman Empire, Argentina, Brazil, and Chile commissioned dreadnoughts to be built in British and American yards.
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