4. The Tragic Demise of the Titanic in 1912

Year: 1912

Location: North Atlantic Ocean

Company: White Star Line

Estimated Damage Value: $7.5 million/$400 million adjusted for inflation*

In 1912, the Titanic, an engineering marvel costing $7.5 million ($400 million today), embarked on its maiden voyage. It boasted luxurious accommodations akin to a 5-star hotel, setting a new standard for oceanic travel.

The Titanic’s first journey ended in tragedy when it collided with an iceberg and sank in the North Atlantic, taking 1,500 lives. Despite its grandeur, fatal flaws and insufficient lifeboats doomed it. The disaster inspired a blockbuster film and highlighted the need for maritime safety improvements.