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I was reading about the principles of supercavitation, where an object in water goes so fast that the water pushed aside from the front of the object forms a "bubble" around the rest of the object. I read that the Soviets had developed a rocket-propelled torpedo called the VA-111 Shkval that had a 200 knot speed using this principle. While it was first deployed in 1977, the principles of cavitation (and therefore supercavitation) have been known since the early 1900's.

So I was wondering how early these supercavitating torpedoes could have been invented assuming someone had the idea of using cavitation like this early enough. Would they be feasible in the 1940's, 1930's, or even earlier? Would they make suddenly make destroyers and submarines the kings of surface combat, replacing the battleship even earlier than OTL? Would it suddenly make the torpedo important enough to mount on cruisers and battleships as an important part of their weapon arsenal (as opposed to them being left off capital ships after the 1920's)?
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