10 February 1906: HMS Dreadnought is launched

Britain upped the stakes in naval warfare when it launched the era-defining HMS Dreadnought on this day in 1906 – by far the most powerful ship of its day.

As an island nation with a global maritime empire, it was vital that Britain had the best navy in the world. But it wasn't enough just to have the most ships. It also had to have the biggest. That was the thinking of Admiral Sir John Jacky' Fisher, who became the First Lord of the Sea in 1904.

Fisher could see the other great powers working hard to bolster their own navies. He suspected a fight wasn't far off. The Italians, in particular, had an eye on building bigger and better, and the United States was developing fast, as was Japan. But most alarming of all for Britain was the rise of Germany.

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Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

Then, in 2011, Chris joined MoneyWeek. Initially working as part of the website production team, Chris soon rose to the lofty heights of wealth editor, overseeing MoneyWeek’s Spending It lifestyle section. Chris travels the globe in pursuit of his work, soaking up the local culture and sampling the very finest in cuisine, hotels and resorts for the magazine’s discerning readership. He also enjoys writing his fortnightly page on collectables, delving into the fascinating world of auctions and art, classic cars, coins, watches, wine and whisky investing.

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