AHC: Make Anglo-American Naval Competition a non-issue without any formal treaties

raharris1973

Gone Fishin'
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The victorious Allied powers turned on each other right quick after WWI, viewing each other as threats, with the Americans and British and Japanese persisting in competitive naval building. This was resolved after a couple years via the Washington Treaties in OTL.

What would it have taken for either the U.S. or the U.K to not care overmuch if the other one overtook them in the naval sphere and to have a naval policy just built on their own unilateral concerns and budgetary circumstances?

What would the fleets of the world, and the geopolitics of the world, look like in 1930 under such circumstances?
 
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