With Morgan’s permission, White Star chairman J. (IMM), a holding company bankrolled by famed financier J.P. In 1902, White Star had become a property owned by the International Mercantile Marine Co. This time around, the company had some extra backing. The company was no stranger to such battles, but Cunard’s Lusitania and Mauretania had outgunned White Star’s so-called “Big Four” ships in terms of top speed. To compete with the Lusitania and its mate, White Star Line entered into a giant ship war. Locally, it had a fierce rivalry with the Cunard Steamship Company, Ltd., which in 1906–07 had sent on its maiden voyage the world’s then-largest passenger ships, the Lusitania and the Mauretania. The British White Star Line had stiff competition in England and across the globe. What’s more, the conspiracy theory suggests, the entire crash was an insurance scam gone wrong. Rather, the White Star Line swapped ships for the voyage from Southampton to New York, and the ship billed as the top-of-the-line Titanic was actually an older ship: the Olympic. The Titanic Discovery Was a Navy Cover-Up.Everything We Know About the Missing Titan Sub.A memory trick: The words port and left both have four letters. Different names were chosen for right and left to avoid confusion because when you turn around aboard ship, the left is on the right and vice versa. Sailors refer to the right and left sides of a ship as starboard and port, respectively. The White Star Line intentionally sinking Olympic would be impressive, but when you take a closer look, it’s clear that this would have been nearly impossible. There are myriad conspiracy theories surrounding the sinking of Titanic, but when considering such theories, it’s important to fact-check. So, if The White Star Line sank Olympic, but masqueraded it as Titanic, the insurance money the White Star Line allegedly would have received wouldn’t have covered Olympic. And, Titanic was insured for less than the value for which Olympic was insured. It was worth $7.5 million (in 1912 dollars), but insured for only $5 million. When wreckage belonging to the ship itself was pulled from the water, it was properly labeled 401.īut-most importantly-Titanic was underinsured. Second, Titanic’s construction number was 401, and Olympic’s was 400. So, even if the ship sank slower, how would everybody evacuate without the promise of another ship coming to their rescue? There were roughly 2,200 passengers aboard the ship. There was a total of 20 lifeboats aboard the Titanic-designed to accommodate about 1,200 passengers. The first hole in this conspiracy is the plan for everyone to evacuate the ship. The actual Titanic, is said to have sailed under the Olympic name until 1935 when it was retired. Nobody was supposed to die as result of the sinking-it was supposed to sink slowly enough that everyone could evacuate in time. The conspiracy theorists suggest that the ship’s crew were supposed to sink the damaged Olympic during the voyage, so that the White Star Line would be able to collect the insurance money. ![]() Īccording to the unlikely conspiracy, since the damage to Olympic was extensive and expensive to repair, the owner of both ships-the White Star Line-swapped the two vessels, so Olympic masqueraded as Titanic during its maiden voyage in 1912. During this voyage, the Olympic became damaged on the rear, starboard side. ![]() While the Titanic was still dry-docked and under construction, its sister ship-the Olympic-was sailing from Southampton, England, to New York City in September 1911. Titanic-thought to be unsinkable-struck an iceberg on the night of April 14, 1912, and sank to the bottom of the Atlantic Ocean on April 15, 1912-109 years ago.īut, have you heard the insurance-fraud conspiracy theory related to the sinking that some people have been known to believe? While there are plenty of holes (pun intended) in this conspiracy, it’s a fascinating tale. We know what really happened on this day in history: the R.M.S.
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