15 Historic Mistakes Committed by Humans Which Paid the Heavy Price

15 Historic Mistakes Committed by Humans Which Paid the Heavy Price

It is said that humans are meant to commit mistakes and they actually learn from the one they make . But the mistakes which we are making you aware, costs millions. These over-sized oversights and blunders will surely raised the blood pressure of those who had to deal with the aftermath.

Let’s have a look at them:

1. The sale of Alaska

expensive mistakes - The sale of Alaska

Alaska is known to be one of the treasure of natural resources at present but Russia considered it to be a mere marshland and sold off Alaska to the USA for 7.2 million dollars in 1867.

2. The partition of India and Pakistan

expensive mistakes - The partition of India and Pakistan

One of the biggest mistake in the history is the division of India and Pakistan . Till date people are suffering for this decision . From the fight over Kashmir to bloody wars and loss of peace, soldiers as well as insurmountable amounts of money, the loss on both sides has been tremendous.

expensive mistakes - The partition of India and Pakistan

3. NASA’s Mars Climate Orbiter

The engineers at NASA forgot to convert the measurement units from pounds to newtons while they designed the Mars Climate Orbiter . It was mainly designed to study the climate on Mars. The Orbiter ended up being burnt in the Martian atmosphere because of a conversion error. This blunder resulted the loss of $125 million and the satellite destroyed with zero results.

expensive mistakes - NASA's Mars Climate Orbiter

4. Heathrow Terminal 5 opening

expensive mistakes - Heathrow Terminal 5 opening

In the year 2008, the International terminal of the World’s busiest airport of UK turned into a chaos. It took 20 long years of planning with all the precision and the infrastructure of £4.3bn . The staff took the training for six month . The day when the grand opening took place , it turned out to be a disaster. The baggage system collapsed and the new automated systems failed to take into account manual disruptions like passengers picking up their bag for taking out something they had forgotten, the system not being able to read certain details, etc. Hence, the delay kept on piling up leading to thousands of passengers either being stranded on the airport for hours or having to travel without their luggage.

5. The Morris Worm

expensive mistakes - The Morris Worm

An internet worm created by the mistake of then student Robert Morris led to panic about data and information breach and cost millions of dollars in order to ultimately stop the worm from replicating itself and spreading around to lead system failures across multiple sections including labs, schools and government agencies across the nation.

6. Muhammad Ghori vs Prithviraj Chauhan

most expensive mistakes - Muhammad Ghori vs Prithviraj Chauhan

Rajputs are always known for not attacking the bare hand enemy. It was when Prithviraj Chauhan defeated and captured Muhammad Ghori after the First Battle of Tarain in 1191 AD . Prithviraj could have easily gotten rid of Ghori and beheaded him as suggested by his advisers. But unwilling to compromise on his magnanimous Rajput tradition, Prithviraj allowed him to go scot-free. The very next year Ghori waged a war again and the result was that India had to be under the Islamic rule for almost 800 years, following the defeat of Prithviraj Chauhan in the 2nd Battle of Tarain.

7. 61,000 shares for 1 Yen

most expensive mistakes - 61,000 shares for 1 Yen

Mizuho Securities, a Japanese trading company wanted to sell one share at  ¥610,000 (about $5,000) on the Tokyo Stock Exchange. The actual sale value put up by a stockbroker (who probably didn’t get enough sleep the previous night) was 610,000 shares for only ¥1 each. By the time the mistake was realized, it was too late and the Stock Exchange had already processed the order. The resultant loss was  $225M.

8. ET and Reese’s

World most expensive mistake of ET and Reese's

In one of the biggest blockbuster movies of all time ET, the alien is lured by Reese’s (a candy brand in the US). Steven Spielberg had initially approached M&M for the product placement and branding, but they turned down the offer. The result? Reese’s sales shot up by 65% after the movie!

9. Elon Musk vs Netscape Navigator

expensive mistakes - Elon Musk vs Netscape Navigator

Elon Musk , the engineer, industrial designer, philanthropist, and technology entrepreneur , is a popular name .But in the beginning , Elon struggled a lot. He had approached the then market leader of internet age Netscape Navigator with his ideas and wanted to work for them. But his application was rejected and he failed the job interview. Today, Netscape Navigator is history and Elon Musk is one of the wealthiest and most influential entrepreneurs of the world.

10. When Janjira became no man’s land

most expensive mistakes - When Janjira became no man's land

The Murud-Janjira fort is one of the most beautiful forts in Maharashtra (and India) but its history is filled with treachery. And for a long time, the thriving, beautiful and rich in resources fort was without any rulers or humanity residing over its premises.

11. The Sinking of the Titanic

most expensive mistakes - The Sinking of the Titanic

Well!! we all know about the film Titanic , it was brilliant indeed. Over the years, many reasons have been attributed to the sinking of the ‘unsinkable’ Titanic, but recently it came to light that the whole mishap could have been avoided if a warning sent was marked as ‘urgent’. It is said that senior radio operator Jack Philips did not pass a clear warning to the ship’s captain, Edward Smith. The prefix “MSG” meaning Masters’ Service Gram was not provided with the message which would have indicated and required a captain to personally acknowledge the receipt of the message. Because it hadn’t been prefixed so, it is believed to be the reason for the oversight by the captain hence leading to the ultimate sinking of the ship.

12. Purulia arms drop case

most expensive mistake - Purulia arms drop case

A case that has prolonged for too long in Indian history still remains a mystery because the arms were apparently dropped at the wrong place.

13. Bitcoins worth millions trashed

most expensive mistakes - Bitcoins worth millions trashed

Back in 2009, bitcoins had just appeared and nobody knew that in a decade they will be so in demand. At that time, an Englishman named James Howell collected 7500 of this digital currency. By the time bitcoin value reached its peak (in 2013), it turned out that James had dumped the hard drive in which he had stored bitcoins worth millions.

14. Unclaimed jackpot of  £116 million

most expensive mistakes - Unclaimed jackpot of  £116 million

This husband probably took his wife’s words “clean up the mess regularly”, seriously which is why he even threw away a lottery ticket which later turned to be the jackpot winner.

15. Ronald Wayne’s Apple share sellout

most expensive mistakes - Ronald Wayne's Apple share sellout

One of the founder of Apple company , Ronald Wayne, designed first logo and even wrote its first manual, sold off his share in 1976 as he had that fear of bankruptcy . He is 10% shareholding was sold at $800. If he had held onto it, he would have been a billionaire today.

source

Leave a Reply

Your email address will not be published. Required fields are marked *