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An interesting thing about the era was that, since there were so few naval battles in the late 19th century, no one really knew what the technology would do. Submarines were a frighteningly cost effective weapon -- yet oddly enough, the Nazis wasted resources on a largely ineffectual surface fleet before WW2, and had fewer subs at the outset than most of their rivals. At the end of the day, a Type VII U-boat just didn't please the crowds the way the Bismarck did...