It changed naval warfare for ever. As soon as the British heard about the battle they immediately set to work to armour their navy.
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The Union Monitor and the Confederate Merrimack, renamed the Virginia, traded blows in Hampton Roads for several hours but neither was able to disable the other. Eventually both ships retreated to their bases, the Virginia more the worse for wear, and never met again.
ANSWER:The battle of the ironclads pitted the Northern Monitor, against the Southern Merrimack in March of 1862.The Monitor proved to the be superior vessel, although neither of the two ships were declared a winner.But, this event marked the first time that ships were fitted with armor for battle.
It was important because the Allies were now in Europe in force.
It was important for British morale to breach the Atlantic Wall and fight in Europe again
It led to the demise of German power in Africa.