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Here is how it was viewed at the time. Two days after the launch of US General Omar Bradley spoke at the St Albans School Convocation in Washington (November 5, 1957): Our plight is critical and with each effort we have made to relieve it by further scientific advance, we have succeeded only in aggravating our peril. As a result, we are now speeding inexorably toward a day when even the ingenuity of our scientists may be unable to save us from the consequences of a single rash act or a long reckless hand upon the switch of an un-interceptable missile. For twelve years now we've sought to stave off this ultimate threat of disaster by devising arms which would be both ultimate and disastrous. This irony can probably be compounded a few more years, or perhaps even a few decades. Missiles will bring anti-missiles, and anti-missiles will bring anti-anti-missiles. But inevitably, this whole electronic house of cards will reach a point where it can be constructed no higher...We can't sit about waiting for some felicitous accident of history that may somehow make the world all right. Time is running against us, and it is running against us with the speed of a Sputnik. October 5, 1958: From the New York Times: A year ago yesterday Moscow electrified the world by launching Sputnik I and thus taking the first giant step into space. The Soviet achievement—a scientific, technical and military demonstration of growing Russian power—shook American complacency and led in Washington to a re-evaluation, reorganization and speed-up of our space and missile programs. The excitement of a year ago, almost frenetic in its quality, has been succeeded by somewhat calmer judgments; some critics of Administration leadership say complacency has returned. In the past twelve months the United States has developed new agencies for space exploration and has speeded up some of its military rocket development programs, although the military missile organization—upon which now depends much of our space development program—remains virtually unchanged. The great question confronting Washington is whether or not our present efforts are adequate—not so much to meet the challenge of today, but the increasing Soviet potential of tomorrow. Those who fear we may lag in the space and missile race are particularly concerned about what they feel is the limited imagination and limited budget of our space program—a program which has barely started—and about the dichotomy between civilian (scientific) and military projects. December 4, 1959: From an Address by Allen W. Dulles, the Director of Central Intelligence: A decade ago Moscow was speaking to us in threatening terms because we were giving aid overseas to meet the danger of economic breakdown and communist takeover in large parts of Europe. Now they propose to compete with us on a worldwide basis in the field of overseas aid and trade, hoping to win over the uncommitted nations of the world. Then, though they had no atomic bombs, the Soviet were using the threat of their great conventional forces to help undermine Greece and Turkey and then later to menace the Free World in Berlin and Korea. Now, while they preach coexistence and economic and industrial competition with the West, they also, on occasions, this week in fact, rattle the threat of ballistic missiles. The website below--the best site on this subject that there is--has much more.