In 1915, the British ocean liner Lusitania was torpedoed by a German u-boat (submarine) and sunk because the central powers believed the ship was being utilized to transport contraband (war materials) to the United Kingdom.
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In WWII:the German battleship Bismarck is sunk in the North Atlantic , killing 2,300 .
The ship carried 120 Americans and its name was the Lusitania.
the British passenger ship called the Lusitania was sunk by a German u-boat on May 7, 1915 a couple months after Germany warned that any ship venturing through the 'war zone' would be sunk. The ship contained approximately 1200 passengers and of that 1200 passengers 128 were Americans. The British steamship Falaba was torpedoed and sunk by a German submarine on March 28, 1915, the date specified in the question, and slightly earlier than the sinking of the Lusitania on May 7, 1915.
The Germans sunk several ships while Wilson was President, but the most momentous sinking so far as the US was concerned was the sinking of the passenger ship, The Lusitania by German U-boats on May 7, 1915, killing 1198.
7th May 1915, the Lusitania, 1,924 people died
This question is somewhat vague in it's reference. U boats sank many ships. Possibly "the ship" was the Lusitania, a passenger liner. It was sunk on May 7th 1915 off the coast of Ireland. The Germans justified this horrible act by their belief that the ship was also carrying war munitions to Britain, which has been verified in more recent years. The ship had a number of Americans on board which strengthened the argument that the U.S. should enter the war, which it did on April 6, 1917.