Nathan Smart

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It took two to tango, however, and the “sun-never-sets” global position that Great Britain sought to defend was itself aggressive. Britain had reluctantly ceded naval hegemony in the Western hemisphere to the rising United States and in the Far East to upstart Japan, at least temporarily. (Even then, spending on the Royal Navy consumed one quarter of state revenue.)
Nathan Smart
1/4 of the British State Budget went to the Royal Navy.
Stalin: Volume I: Paradoxes of Power, 1878-1928
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