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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (1106)3/17/2002 7:40:56 AM
From: maceng2  Read Replies (2) of 1643
 
(OT) re the "Turbina" mentioned in the link...

In 1887 and 1897 Victoria had celebrated her Jubilees, when Britain’s power and wealth were displayed. Her relatives sat on every throne in Europe, her empire was one on which ‘the sun never set’, covering more than a quarter of the world, and in 1897 visitors to Portsmouth saw her review a Home Fleet consisting of more than 30 miles of warships drawn up in lines each of which was more than six miles in length. Britain still revelled in ‘splendid isolation’, but many of her leaders were realising that though strong and rich we did not have a friend in the world, and indeed some countries positively hated us. At that review in 1897 there appeared a small ship moving through the fleet at more than 30 knots: "The Turbinia", using new turbine engines showed the future - all that mighty fleet was, in fact, now effectively out-of-date. Britain’s great Naval lead over her rivals could now be eliminated. Britain faced the new century with some misgivings: the former confidence was weakening - she would not dominate the new century as she had done the 19th.

Well 30 miles of Warships cost more then a few sacks of wheat to run. Britain's empire was built on commerce and trade. The navel review of just the "Home Fleet" is proof of how powerful free trade had made her. Well that and lots of big guns.

The Admiralty were always out of tune with new developments though. They all probably had shares in reciprocating steam engines. Hence the builder of the "Turbina" had to make such a demonstration.

But warships could be refitted with turbines. Further bungling was required to weaken the British Navy. One English guy invented a new naval gun sight. This is a little known fact. Britain could sunk the German navy with it in WW1 and proved the fast Battle Cruiser concept, but the Germans had bought it after the guy spent years being rejected by the British Admiralty.

siliconinvestor.com

I hope my spelling and diction has improved a bit since then excepted=accepted, navel=naval,
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