The United Kingdom, Japan and the United States sign the London Naval Treaty regulating submarine warfare and limiting shipbuilding.

The London Naval Treaty, officially the Treaty for the Limitation and Reduction of Naval Armament, was an agreement between the United Kingdom, Japan, France, Italy, and the United States that was signed on 22 April 1930. Seeking to address issues not covered in the 1922 Washington Naval Treaty, which had created tonnage limits for each nation's surface warships, the new agreement regulated submarine warfare, further controlled cruisers and destroyers, and limited naval shipbuilding.

A submarine is a watercraft capable of independent operation underwater. The term "submarine" is also sometimes used historically or informally to refer to remotely operated vehicles and robots, or to medium-sized or smaller vessels. Submarines are referred to as boats rather than ships regardless of their size.

Shipbuilding is the construction of ships and other floating vessels. In modern times, it normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.