In 1908 the most incredible naval arms race in history began. Flush with
cash from rubber and coffee, Brazil decided to order three of the
latest, greatest category of warship available--the dreadnought
battleship. One Brazilian dreadnought by itself could defeat the
combined gunnery of every other warship of all the other South American
nations. Brazil's decision triggered its neighbor Argentina to order its
own brace of dreadnoughts, which in turn forced Chile (which had fought
boundary disputes with Argentina) to order some.
In the process, the South American dreadnought mania drove the three
participants nearly into insolvency, led to the bankruptcy of a major
shipyard, and triggered a chain of events which led Turkey to declare
war on Great Britain. It also produced several groundbreaking
dreadnought designs and one of the world's first aircraft carriers.