Word: sputnikly
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...Soviets test-launch their first intercontinental ballistic missile more than a year ahead of the American program. Then comes Sputnik, galvanizing the alliance into trying to meet the growing Soviet nuclear threat...
...Loan Act was passed in 1916, Government credit programs have helped borrowers who could not obtain money from regular savings institutions. One of the most successful was the Rural Electrification Administration, which, beginning in 1936, provided the money that lighted American farm communities. More recently, Dwight Eisenhower's Sputnik- inspired student loan program helped deserving kids go to college. Federal agencies frequently lend money directly on bargain terms. Some Farmers Home Administration credits carry interest rates of 1%. More often, the Government guarantees loans from private sources, such as the proposed $1.5 billion line of credit to Chrysler...
Ever since Sputnik was rocketed into space nearly 23 years ago, the heavens have become increasingly crowded...
This happened during World War II, when the nation was galvanized by fear that Germany would produce the first atomic bomb, and the Government-funded, $2 billion Manhattan Project unlocked the secrets of nuclear fission. In 1961 President John Kennedy, stung by Sputnik and later by Soviet Cosmonaut Yuri Gagarin's orbiting the earth, decreed that the U.S. should put a man on the moon by the end of the decade. A synergistic exchange of technology among Government, science and industry had Neil Armstrong and Edwin Aldrin walking on the moon five months ahead of the deadline...
...OPEC, which could be considered the Sputnik of the '70s, threatens the rest of the world. The shotgun marriage of Government and industry, to develop alternative energy sources, has yet to be consummated; but history shows what can be accomplished if they join forces...