The 25 Worst Mistakes In History, Captain Edward Smith crashes the Titanic into an iceberg
Money lost in 1909: $7.5 million in shipbuilding costs
Inflation-adjusted: $168 million
The passenger liner, The Titanic, sunk on its maiden voyage from England to the United States in 1912. The Titanic was known as the unsinkable ship, specifically designed to make the long journey to America with no possible chance of sinking.
But one night, the ship crew ignored warnings of icebergs in their path and went onward. The ship hit an iceberg and scraped the entire right side, causing the boat to sink and killed 1,517 people.