Small Mistakes That Cost Millions To Fix

The Titanic sinking – $7.5 million (without inflation)

The Titanic was one of the most tragic stories in history and design mistakes cost thousands of lives and millions of dollars in damages. On its first voyage across the Atlantic Ocean in 1912, Titanic hit an iceberg and despite being dubbed “unsinkable” the damage from the iceberg sank the whole vessel.

Not only was the engineering one of the fatal problems, but also the fact that the Titanic only carried 20 lifeboats, enough for 1178 people, when there were 2,229 people on board.