Dramatized version of American reaction to Sputnik from
The Right Stuff. Not too far from the truth.
--the music at the beginning is Reinhold Gliere's 'Russian Sailor Dance.'
--the rocket shown isn't Sputnik's launch. It is a later Soyuz launch.
--the bald guy in the rocket smoke is Sergey Korolev, Chief Designer of Rockets and Spacecraft at the time.
--the main American speaking is Lyndon B. Johnson.
--the "our Germans are better than their Germans" guy is Wernher von Braun.