If that's true El J, I'll have to hurry up and finish my American and German AoI stories! Then I can get to a British story, thus completing the Anglo-Saxon triumvirate.
Some might say that Britain's too easy, but the map looks like this, to give a preview:
The story revolves around Britain somehow losing both the Mahdist Revolt and the Boer Wars, resulting in the near-total collapse of Britain's Empire in South and Eastern Africa. While distracted with these huge conflicts(large amounts of destroyed infrastructure and ruins in Sudan and South Africa show the carnage in detail), Argentina managed to snag the Falklands and the revolt in Burma also succeeded. While Britain managed to escape it's African Wars with valuable Cape Town and the Suez canal, it lost all of South Africa - barely able to convince the Boers to spare Rhodesia - and the Sudan, not to mention British Somaliland.
With the South African-Boer Republic and the Mahdist Empire(this itself is based off if the Mahdists successfully invaded and annexed Ethiopia) established in Africa, the British government sought to reclaim Burma and the Falklands, but huge war weariness from the previous conflicts forced the British to (temporarily) abandon it's outposts. With Britain greatly weakened, powers ran rampant. The USA more or less seized Panama through various means; France managed to annex the newly-independent Burma; Russia consolidated it's power in Persia.
On top of all that, most of Canada and Australia, no longer confident in Britain's ability to defend them, broke away. The British Empire had fallen, but perhaps it could rise again...
On aesthetics, I modified the map so it uses your closed Dardanelles idea.
The Ottomans get a boost from that, not to mention, they also get to keep Albania, which from what I heard, historically they had at this time. I also sealed off Manchuria and Korea from the industrial regions; there was a minor border change in Central Asia with the impassable mountains so as to facilitate easy transport between Russia's Persian and Chinese possessions.
On top of that, industrialisation is now a resource in Canada, in Ottawa, the new country's capital. Britain maintains Newfoundland & Labrador, but it possesses only Canada and will have to make war against the Canadians if it seeks to regain any power in the area.
In Australia, A-NZ remains a resource, but all colonialism is gone, replaced in favor with industrialisation. This will make a new challenge to players; these regions are fully industrialised, but Britain will need to work to reclaim them, a very hard task. All of Britain's local builds for Australia and Canada are also buildable by the independent countries, for obvious reasons.
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Anywho, I eagerly await AoI 4!