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Lets say Germany contracts USA companies to build blockade runners. Super fast. Shallow drafted, low silhouette, low smoke options (picture below).

Along the the lines of the concept of the confederate blockade runners, but with the better engines that 1914 tech would allow. (Perhaps they would have to be coal powered at first, but diesel later)

https://en.wikipedia.org/wiki/SS_Syren

These would be faster than the AMCs the British use to establish the distant blockade.

Flying the American flag they couldn't be seized off American ports.

German submarines and surface ships instead of torpedoing merchants or laying mines or bombarding coastal cities which only allowed the British to tighten blockade rulers earlier, would escort the merchants on the last lap home (perhaps setting up fleet actions close to the German coasts).

What would be the effects??????

(A POD might be the Germans figure out they can't challenge the distant blockade directly, and instead of countering with submarines and mines against British shipping, just try to run the blockade, hoping to force a flett action close to German harbors).

(This POD could even be before the war, the boats could be used, although inefficient for normal trade until war breaks out).

https://nauticalarch.org/projects/civil-war-blockade-runner-denbigh-excavation/
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