An the early highlight of the Space Race, its goal was to put a man into Earth orbit and return him safely, ideally before the Soviet Union. Taken over from the US Air Force by the newly created civilian space agency NASA, it conducted twenty uncrewed developmental flights (some using animals), and six successful flights by astronauts. The program, which took its name from Roman mythology, cost $2.25 billion adjusted for inflation. The astronauts were collectively known as the "Mercury Seven", and each spacecraft was given a name ending with a "7" by its pilot.
The Mercury space capsule was produced by McDonnell Aircraft, and carried supplies of water, food and oxygen for about one day in a pressurized cabin. Mercury flights were launched from Cape Canaveral Air Force Station in Florida, on launch vehicles modified from the Redstone and Atlas D missiles. The capsule was fitted with a launch escape rocket to carry it safely away from the launch vehicle in case of a failure.
The flight was designed to be controlled from the ground via the Manned Space Flight Network, a system of tracking and communications stations; back-up controls were outfitted on board. Small retrorockets were used to bring the spacecraft out of its orbit, after which an ablative heat shield protected it from the heat of atmospheric reentry. Finally, a parachute slowed the craft for a water landing. Both astronaut and capsule were recovered by helicopters deployed from a US Navy ship.
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The Mercury project gained popularity, and its missions were followed by millions on radio and TV around the world. Its success laid the groundwork for Project Gemini, which carried two astronauts in each capsule and perfected space docking maneuvers essential for crewed lunar landings in the subsequent Apollo program announced a few weeks after the first crewed Mercury flight.
According to en.wikipedia
