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NASA didn't cancel Apollo so much as shifted perspective and focus, and reprioritized. Apollo was hugely successful, and its mission objectives were largely met.

There is no pat, easy answer to this however. Books have been written to explain it, or try to. One such example that does a great job is Chariots for Apollo: A History of Manned Lunar Spacecraft by Courtney G. Brooks, James M. Grimwood, and Loyd S. Swenson. See the epilogue in the related link below.

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