In the 1980s, California was the heart of the aerospace industry. But when the Cold War ended, military spending cuts put those defense jobs in jeopardy. This week, we're bringing you a three-part series on the defense industry. In this episode: how the state redirected some of those defense dollars to another economic opportunity provides an example of how the "peace dividend" can be used effectively. **Related episodes: **Are we overpaying for military equipment? (Apple) / Spotify))Can Just-In-Time handle a new era of war? (Apple) / Spotify))****Industrial policy, the debate! (Apple) / Spotify)) Giant vacuums and other government climate bets (Apple) / Spotify)) *For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org). Music by Drop Electric). Find us: TikTok), Instagram), Facebook), Newsletter). *Learn more about sponsor message choices: podcastchoices.com/adchoices)NPR Privacy Policy)