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And they were contradictory. Costing the whole ship and all aboard.
He says the 1,C temperatures weakened the hull so much that when the Titanic collided with an iceberg what could have been a minor knock became an unimaginable disaster. Titanic fireman Charles Hendrickson testified that the bunker fire began in Belfast.
Mrs Elizabeth Brown learned of the outbreak and of men working day and night to fight it. While a Mrs Elizabeth Brown learned of the outbreak and of men working day and night to fight it. And this coal fire also meant the ship was travelling at some speed, with Mr Molony writing in his book: 'The Titanic was therefore turbocharged, and the drive from the stokehold unleashed the idea of a publicity push for New York. In effect, the coal fire acted as propellant and accelerant. The Titanic was therefore speeding into an area with a number of icebergs, with an already weakened hull.
Did little-known safety rule doom the Titanic? Share this article Share. Share or comment on this article: New book claims little-known safety rule may have doomed the Titanic and the 1, on board e-mail More top stories. Back to top Home News U. Joseph Mortati. Sep 3, 5 0 Far from being the prideful, greedy, sloppy fools history has portrayed them to be, my research shows the decision-makers actually made smart, rational, strategic choices, the kind many businesses make today to stay competitive.
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April saw particularly mild climate conditions in the North Atlantic, which favoured the formation of a number of icebergs that were above seasonal average; this increased the chances of them not being spotted — and therefore also the chances of a potential collision — but the disaster was mainly caused by human error. The second officer, who was forced to abandon the trip on short notice, forgot to leave behind the key to the locker where the binoculars were kept. The key to a locker : a very trivial oversight that ended up having ruinous consequences.
Finally, the rivalry between the two transatlantic carriers to win the Blue Riband, the record of the fastest Atlantic crossing, played its part too. Captain Smith decided to proceed at full speed to get to New York aiming to break the record set by his competitor Cunard Line. The time factor — timing in financial jargon — turned three unconnected factors into a fatal sequence: the high temperatures increased the chances of collision with the iceberg, which could have been spotted earlier had the binoculars not been locked away somewhere, while a lower speed would have allowed adequate room for manoeuvring and thus avoiding a collision.
The truth about the sinking of the Titanic
Even the perception that something terrible was happening was deceiving. Passengers hardly noticed the impact with the iceberg: it was documented that some of them even used pieces of the iceberg in their drinks. During the ship's construction phase at the Harland and Wolff shipyard in Belfast, the shipping company decided that a system of overlapping lifeboats would have compromised the ship's elegance.
The provisions were reduced to 16 lifeboats, inadequate for the 2, or so people on board. But then what use are lifeboats on an unsinkable ship?
JOM Article on The Titanic: Did a Metallurgical Failure Cause a Night to Remember?
Three useful lessons can be drawn from the tragic story of the Titanic to better understand what is happening in financial markets today. First, national governments seem unsuitable to match the challenges that come with a global economy which is getting more and more interlinked. The European Union is a good example for such disfuncionality with monetary measures in place albeit the absence of sound fiscal policies.
Such disfuncionality between monetary and fiscal policy in the EU increases the current imbalances, thus turning it into a risk factor that requires careful consideration in the context of investment decisions. James Carville, one of Clinton's advisers, said that if reincarnation exists, he wants to be reborn as the bond market, because "you can intimidate everybody".
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