Million Dollar Historical Accidents

Here’s a list of jaw dropping historical accidents and the cost of damage.

  • Titanic

This with no doubt is the most famous accident in history. The ship sank on its first voyage from Southampton, UK to New York City, US, after colliding with an iceberg, on April 15, 1912. About 1,500 people were killed by this devastating accident. It is reported that the ship cost $7 million in 1912.

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  • B-2 Bomber Crash

This is known to be one of the most expensive aviation accidents. This unfortunate incident occurred on 23rd February 2008, B-2 Stealth bomber crashed on the runway shortly after takeoff from Andersen Air Force Base in Guam. As reported this unfortunate accident caused damaged of $1.4 billion.

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  • Space Shuttle Challenger Explosion

This explosion occurred on January 28th 1986. This occurred when Space Shuttle Challenger broke apart, 73 seconds into its flight, leading to the deaths of its seven crew members. The cost of replacing the Space Shuttle was $2 billion ($4.5 billion in today’s dollars). Cost of investigation, problem correction, and replacement of equipment lost $ 450 million cost 1986-1987 ($ 1 billion today)

The Space Shuttle Challenger explodes shortly after lifting off from Kennedy Space Center, Fla., Tuesday, Jan. 28, 1986. All seven crew members died in the explosion, which was blamed on faulty o-rings in the shuttle’s booster rockets. The Challenger’s crew was honored with burials at Arlington National Cemetery. (AP Photo/Bruce Weaver)
  • Exxon Valdez Oil Spill

The reported clean-up cost of this human-caused environmental disaster was $2.4 billion. This oil spill occurred in Prince William Sound, Alaska, on March 24th 1989. One of the giant tanker, Exxon Valdez sank and spilled 11 million gallons of oil and pollute the waters up to the Gulf of Alaska. It is considered to be one of the most devastating human-caused environmental disasters.


  • Chatsworth Train Collision

Another devastating accident which occurred in the Chatsworth district of Los Angeles, California. The Chatsworth train collision occurred on September 12, 2008, when a Union Pacific freight train and a Metro-link commuter train collided head-on in the Chatsworth district of Los Angeles, California. The reported damage was $500 million.


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