What were the global effects of the Titanic sinking in 1912?

In my mind, one of the world wide implications of the
sinking of The Titanic reflected the validation modernist frame of reference.  At the
time, such a connection was not made, but there is much in the sinking that speaks of
the Modernist condition that was being felt all over the world and articulated by its
writers.  Consider the fact that the wealthy and the powerful boarded the boat and then
had to flee in the middle of night, or flail in the water, waiting for hope, waiting for
absolution.  This is a very modernist idea in that all individuals end up being devoid
of hope and stripped from the pomp and circumstance of consciousness, a rather hollow
condition results.  Additionally, I think that the idea of being able to actually
reflect weakness when strength or invincibility is advertised is another worldwide
reality that was articulated through the sinking of The Titanic.  Finally, I think that
idea of the band playing music during the calamity helped to create a worldwide metaphor
that could be easily understood in articulating conditions of inertia and lack of
acceptable response to change.  When Randy Shilts writes about the American government
lack of authority in dealing with the crisis of AIDS, presuming that it needed to do
nothing because the disease was seen as a “gay disease,” he takes the title of “And the
Band Played On,” to reflect how poor and pathetic a response the American Government had
to the disease.  This becomes another metaphor from the sinking that ends up holding
worldwide implications.