Security ... think about it!
Rand rose out of the ashes of World War II. After witnessing the success of the Manhattan Project—the $2 billion initiative that created the first atomic bomb—a five-star Air Force general named Henry “Hap” Arnold (pictured) concluded that America needed a team of great minds to keep the country’s technology ahead of the rest of the world. In 1946, he gathered together a small group of scientists and $10 million in funding and started RAND (which stands for Research and Development). He even convinced a family friend, aircraft magnate Donald Douglas, to house the project at his factory in Santa Monica.