I think it would. Here is a timeline I came up with inspired by The Man in the High Castle.
1945: The Axis Powers win World War II.
1955: Because of the Axis Victory and their conquering the world, Walter Lord's book A Night to Remember is never published, and interest in the Titanic is not reignited.
1985: Because there is zero interest in the Titanic, there are no expeditions mounted to search for the wreck and the wreck remains undiscovered.
Other historical events I think wouldn't have happened in this timeline include the Bismarck sinking, the moon landings, and the 9/11 attacks.
1945: The Axis Powers win World War II.
1955: Because of the Axis Victory and their conquering the world, Walter Lord's book A Night to Remember is never published, and interest in the Titanic is not reignited.
1985: Because there is zero interest in the Titanic, there are no expeditions mounted to search for the wreck and the wreck remains undiscovered.
Other historical events I think wouldn't have happened in this timeline include the Bismarck sinking, the moon landings, and the 9/11 attacks.