1903—when Britain feared it was losing the race for dominance of the passenger-ship industry. In America, J. P. Morgan was buying up shipping lines in hopes of creating a monopoly; in Europe, Germany had succeeded in building the world’s fastest ocean liners and thereby winning the “Blue Riband,” awarded to the liner that crossed the Atlantic in the shortest time. By 1903 German ships had held the Riband for six years, to the sustained mortification of Britain.
