Art works telling the history of Titanic The Titanic disaster is symbolic for so many aspects of life as well as the reality of that it was one of the larger insurance frauds of the 20th century. TITANIC: The Ship that Never Sank. In fact it was the result of an insurance claim that went badly wrong. Imagine, if you will, that the Titanic's near identical sister ship The Olympic was severely damaged in a collision while sailing from Southampton. The cruiser HMS Hawke smashed into the side of the Olympic and an inquiry later exonerated the Hawke of all blame. The White Star Line was allegedly under-insured and the cost of fixing the damaged Olympic which had a broken keel among other items that needed repairing, was going to be high. As the White Star's flagship would also be out of action during repairs, the Titanic's completion date would have to be delayed. All this would have amounted to a serious financial hit for the company. The damage was so severe that the relevant insurance would fail to recover the costs, as both parties were instructed to pay for damages. Set to make an, er, titanic loss of some $750,000, White Star supposedly switched the liners around and had the Olympic, disguised as the Titanic, deliberately sunk in order to claim the insurance. The Olympics’ trials in 1910 took two days, with several high speed runs, but the Titanic’s trail lasted a single day because, the patched-up hull could not take the stress of long periods of high speed. Like so many times in history we have been told a lie, a suitable fairytale. Like in the case of the landings on the moon, or the attack on the twin towers. We have been told Titanic was the largest unsinkable ship ever built. Already there, the story is wrong. Titanic was one out of three identical ship built in the Belfast shipyard. There was Olympic, Titanic and Britannic. The Olympic was the first to be lounged and after several serious accidents that crippled the ship it was pulled back to the shipyard for repairs. The insurance company blamed Captain Edward .J. Smith and refused the pay out the large amount of money. Now, Olympic was useless and was lying alongside the soon-ready Titanic. During a coal strike, the shipyard was staffed with new workers and that was when the White Star Line decided to secretly change the name of the two identical ships. So in fact it was the revamped Olympic that left for New York on that fateful day in 1912, now renamed Titanic. The old captain from the Olympic who was supposed to retire after Titanic’s maiden voyage, Mr. Smith, who was offered a large retirement if he once more took charge of the ship, this time the plan being to take the ship to a decided destination in the Atlantic and to have it sunk, while the passengers were rescued with the help of two specifically designated ships: the Carpathian and the California. Now, the ship that was built to survive serious damage run into a iceberg either deliberately or by negligence. Or was it really an iceberg at all? Anyhow the fact is that Titanic would take 8 to 12 hours to sink accordingly to the designer of the ship Mr. Bruce Ismay, who was on board but saved himself by dressing like a woman. But the Titanic took in so much water so fast it sunk in less then three hours. 1500 men, women and children went down with the Titanic and the many thousands of lifeboats, blankets and sweaters stored in the two waiting rescue ships never came into use. In that moment the Myth of the Titanic was born. Olympic, renamed Titanic, was to become one of the most symbolic stories, told for over one hundred years. It represents not only human tragedy but what greed and money make people do. The banker JP Morgan was one of the largest stockholders in the White Star Line and cashed in on the Titanic / Olympic tragedy. He would also later cash in on World War One. His company, Chase, was also later involved in supporting Hitler and his Nazi party and was one of many to benefit on WWII and even profited on the Holocaust. The Titanic tragedy represented a sinking world of aristocracy as the WWI would begin just two years later, where many empires would disappear never to rise again.