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It was created to fight the spread of Communism, as the government was afraid that if a few small, weak countries like Greece and Turkey would become Communist, then it would lead to a Domino effect that would lead other countries to fall to Communism, and would hurt the US's idea of free trade and capitalism.
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The CIA has three activities: gather information about foreign governments, corporations, and individuals; analyzing that information, along with intelligence gathered by other U.S. intelligence agencies, in order to provide national security intelligence assessment to senior United States policymakers. The agency gan also be ordered to carry out or overseeing covert activities and some tactical operations by its own employees, by members of the U.S. military. Was helpful during Cuban Missle...
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This events importance was that the US and the President relize that we are not on top anymore. Also President Truman to order development of the hydrogen bomb, a weapon theorized to be hundreds of times more powerful than the atomic bombs dropped on Japan. This started a nuclear arms race.
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