Comments by "Steve Valley" (@stevevalley7835) on "Hull Form Design - Doing better than a floating brick" video.
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@gregorywright4918 I don't think the entire cost of the Lexingtons had been appropriated in 1916. The government usually funds things on a year by year basis. In reading about the Washington treaty over the winter, the thought in the back of the minds of several US officials was that Congress was going to cut off funding for the ships already under construction, whether they had the treaty or not. I remember Congress cutting off funding for the Clinch River breeder reactor and the SST that Boeing was working on, and, more recently, we saw how the production run of Zumwalt class destroyers was cut off. According to the Wiki article, conversion cost for the Lexingtons was $22.4M each, on top of the sunk cost of $6.7M, vs $27M for a purpose built carrier of comparable size. On the other hand, Ranger only cost $15.2M, so they could have built two Rangers for less than the conversion cost of the two Lexingtons, and embarked air groups of nearly the same size because Ranger was more efficient at carrying aircraft. People may complain that Ranger was a waste of displacement because it was so less capable than a Yorktown, but you could build a Ranger out of the displacement that a Lexington wasted vs a Yorktown, because of it's inefficient design.
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