Cost
From 1964 until 1973, a total of $6.5 billion ($46.56 billion present day) was appropriated for the Saturn V, with the maximum being in 1966 with $1.2 billion ($8.6 billion present day).
One of the main reasons for the cancellation of the Apollo program was the cost. In 1966, NASA received its biggest budget of US$4.5 billion, about 0.5 percent of the GDP of the United States at that time. In 1969, the cost of a Saturn V including launch was US $ 185 million (inflation adjusted US$ 1.17 billion in 2012).
Read more about this topic: Saturn V
Famous quotes containing the word cost:
“History is strewn with the wrecks of nations which have gained a little progressiveness at the cost of a great deal of hard manliness, and have thus prepared themselves for destruction as soon as the the movements of the world gave a chance for it.”
—Walter Bagehot (1826–1877)
“It may cost me twenty thousand francs; but for twenty thousand francs, I will have the right to rail against the iniquity of humanity, and to devote to it my eternal hatred.”
—Molière [Jean Baptiste Poquelin] (1622–1673)
“Each is under the most sacred obligation not to squander the material committed to him, not to sap his strength in folly and vice, and to see at the least that he delivers a product worthy the labor and cost which have been expended on him.”
—Anna Julia Cooper (1859–1964)