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Spy CapitalismITEK and the CIA$
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Jonathan E. Lewis

Print publication date: 2002

Print ISBN-13: 9780300091922

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300091922.001.0001

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(p.46) 4 Sputnik
Spy Capitalism

Jonathan E. Lewis

Yale University Press

This chapter outlines the political concerns over the launch of Sputnik, which weighed 185 pounds and measured about twenty-three inches in diameter. Some investors assumed that Sputnik would spur U.S. defense spending, and that defense-related stocks would rally. Redesigning the structure and staffing of the defense establishment was just a first step. America's technological renaissance also required a vast investment in research and development. Itek was sensitive to Boston University's needs and appreciated the problems connected with the transfer of the laboratory. The lab was a national resource and Boston University had done everything possible to hold it together, despite declining air force support. The last set of cutbacks had been enough to force Case to shut down the lab on financial grounds.

Keywords:   Sputnik, U.S., defense establishment, Itek, Boston University, national resource

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