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Since 'CP Victory' is quite broad, here's a scenario:

The Zimmerman Telegram is never sent in this timeline, and so the United States never enters the war - consequently, Germany never launches the Spring Offensive. In either late 1918 or early 1919 France is knocked out of the war Kaiserreich-style and a peace treaty is signed between Germany, France and Belgium whereby Belgium cedes the Congo to Germany and becomes a German vassal, Luxembourg is annexed by Germany, France cedes the Channel Ports to Belgium and several border territories to Germany, while, in the colonies, Cameroon is returned to Germany and France cedes Equatorial Africa to Germany. Meanwhile, at the same time France is forced to surrender (or shortly after) Italy is also knocked out of the war, resulting in Austria-Hungary regaining Veneto.

This leaves Britain as the only European Power left at war with the Central Powers. The British Army is evacuated from France shortly before France's surrender, consequently ensuring that the British Isles are protected, while the Ottomans surrender at the same time as OTL, resulting in a Treaty which leads to Britain gaining Iraq, the coast of Syria and Palestine (aside from Transjordan), the rest of Ottoman territory in Arabia becoming an Arab state led by the Hashemites, Greece gaining Constantinople and Ionia and an independent Armenia being established. This leads to Britain more or less having control over the Middle East.

Britain and Germany remain at war over 1919 and 1920, during which a large portion of the British Army is stationed in Greece, where (alongside local Greek forces) they prevent a German-Austrian invasion of the country, although are unable to advance into the Balkans. Meanwhile, the British Blockade remains in force against Germany, although its impact is diminished somewhat, as the Germans now have access to Ukrainian grain, yet this can only go so far and therefore, by 1920, the blockade's effectiveness is once again on show, as Germany's food supplies are once again strained.

Therefore, Germany, worried about possible domestic unrest, proposes negotiations with the Entente, which the British Government accepts. Eventually, in mid 1921, a peace treaty is signed between the Entente and Central Powers with terms along the following lines:

- No reparation payments on either side,
- British gains made in the Middle East following the Ottomans' surrender are recognised by Germany,
- German gains made at the Treaty of Brest-Litovsk and the ATL Treaty with France and Belgium are recognised by Britain,
- In the Pacific, German cedes its island possessions to Britain and Japan much like OTL,
- In Africa, German South West Africa and East Africa are ceded to Britain, and
- Germany agrees to reduce the size of the Imperial German Navy, thereby guaranteeing the dominance of the British Royal Navy at sea.

Right then, now we have our scenario - while Britain has emerged quite well from this scenario (having secured gains in the colonies and asserted the dominance of the Royal Navy over the Imperial German Navy) and indeed could be considered a victor of the war, Europe (aside from the Balkans) is now under German dominance.

So what would be the impact on British politics of such an outcome. It would be likely that the Liberals, having failed to decisively defeat Germany ITTL, would do even worse over the 20s than they did IOTL - perhaps losing Parliamentary representation altogether. Who would win the first post-war general election (the Conservatives seem the most likely) and how would they approach foreign and domestic policy in this ATL? What would occur in Ireland?

Discuss.
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