Historians and wreck evidence don’t support it. Insurance on Titanic was $5 million against a build cost of ~$7.5 million—hardly the windfall a planned sinking would seek. The ships weren’t identical: Titanic had a larger à la carte restaurant, different internal layouts, and numerous detail changes based on Olympic’s service. Passing off a used liner as new would have required refitting hundreds of features under intense shipyard scrutiny. Most decisively, debris and hull sections from the wreck bear Titanic’s construction number “401,” not Olympic’s “400.” Engineering records also show strengthening plates added to Olympic in 1911—features absent from Titanic’s inspections.
A ship tragically sank, yes—but the evidence says it was Titanic, not a swapped sister in an elaborate fraud.
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