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According to the excerpt in Source 4, how does President Kennedy use economics to build an argument in favor of the Space Race in this excerpt? Explain.

According to the excerpt in Source 4, how does President Kennedy use economics to build an argument in favor of the Space Race in this excerpt? Explain.

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According to the excerpt in Source 4, how does President Kennedy use economics to build an argument in favor of the Space Race in this excerpt? Explain.
According to the excerpt in Source 4, how does President Kennedy use economics to build an argument in favor of the Space Race in this excerpt?
Transcribed Image Text:According to the excerpt in Source 4, how does President Kennedy use economics to build an argument in favor of the Space Race in this excerpt?
Source 4 Excerpt 5 - Economic Impact (Video clip: 12:58 - 14:15) And finally, the space effort itself, while still in its infancy, has already created a great number of new companies, and tens of thousands of new jobs. Space and related industries are generating new demands in investment and skilled personnel, and this city and this State, and this region, will share greatly in this growth. What was once the furthest outpost on the old frontier of the West will be the furthest outpost on the new frontier of science and space. Houston, your City of Houston, with its Manned Spacecraft Center, will become the heart of a large scientific and engineering community. During the next 5 years the National Aeronautics and Space Administration expects to double the number of scientists and engineers in this area, to increase its outlays for salaries and expenses to $60 million a year; to invest some $200 million in plant and laboratory facilities; and to direct or contract for new space efforts over $1 billion from this Center in this City.
Transcribed Image Text:Source 4 Excerpt 5 - Economic Impact (Video clip: 12:58 - 14:15) And finally, the space effort itself, while still in its infancy, has already created a great number of new companies, and tens of thousands of new jobs. Space and related industries are generating new demands in investment and skilled personnel, and this city and this State, and this region, will share greatly in this growth. What was once the furthest outpost on the old frontier of the West will be the furthest outpost on the new frontier of science and space. Houston, your City of Houston, with its Manned Spacecraft Center, will become the heart of a large scientific and engineering community. During the next 5 years the National Aeronautics and Space Administration expects to double the number of scientists and engineers in this area, to increase its outlays for salaries and expenses to $60 million a year; to invest some $200 million in plant and laboratory facilities; and to direct or contract for new space efforts over $1 billion from this Center in this City.
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