The British Parliament passes a Naval Defence Act, requiring the
Royal Navy to maintain a number of battleships equal to the total
of those of the two next largest navies in the world, at that point
the French and Russian. As a result, this triggers an extensive
ship-building programme.
Citation:
Editors. "Naval Defence Act in Britain increases ship-building".
The Literary Encyclopedia. First published 30 December 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=19016, accessed 19 June 2013.]