Titanic Mistake
On April 15, 1912, the RMS Titanic, a state-of-the-art ocean liner sank after striking an iceberg during her maiden voyage from Southampton to New York City. The loss of life was considerable. In fact, it’s estimated that over 1,500 died, but the monetary loss was pretty expensive too.
It was estimated that the loss of the ship set White Star Line back about $7.5 million, which would be about $168 million in today’s economy. If that weren’t bad enough, the bad press made potential customers nervous about getting on another ocean liner out of fear that they would suffer the same fate as those aboard the Titanic.