Examines the impact of the U.S.A space program, beginning with the first man on the moon, on the country's economy and way of life.
Written in 2004; 2,323 words; 6 sources; MLA; $ 71.95
Paper Summary:
This paper discusses why the American space program was worth the cost. It presents a retrospective history of the program with regards to its impact on the U.S. economy and way of life. It shows how the 1969 trip to the moon allowed many new technologies, which would normally take decades of development to be refined in the private sector, to crystallize in mere years. Technologies like cell phones, TV, the Internet, and many others got their start during the American 'space race'.
From the Paper:
"Besides its obvious benefits to the technology sector, when a project of the space program's magnitude is attempted, there are inherent benefits to the entire economy. The Mercury, Gemini, and Apollo programs cost the government approximately 25 billions dollars in 1960's money. It terms of the 60's GDP, or Gross Domestic Product, the space program gave the US economy an additional yearly growth rate of 2.6%, from 1959-1970. In a good year of growth, the US economy will grow from 3 to 5%. That means that because of the Apollo program alone, the GDP growth rate was nearly twice what it would have been without the governments influx of cash. Aside from the money that was pumped into the economy, thousand of jobs were created to build all of the millions of parts that were used during the decade of the space program."
We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper you download are top-quality, competitively priced and high-level work.
This Free Term Paper Abstract is a part of our Term Paper Library.Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "America's Space Program", Essays on "America's Space Program", Research papers on "America's Space Program", Student papers on "America's Space Program", Book reports on "America's Space Program", Dissertation on "America's Space Program", Thesis on "America's Space Program", Summary of paper on "America's Space Program", Articles written on "America's Space Program".
Look for more research papers, essays and book reports on