Question

How many times should you hit the space bar after terminal punctuation?

Answer 1

Today, with proportional (variable-width) fonts, two spaces is no longer necessary, and can look distractingly too wide. Modern tools allow more choice than between exactly "one space" or two. In particular, TeX and LaTeX have got it right since the 1980s: they typeset a slightly longer space between sentences (though this can be turned off). HTML ignores multiple consecutive spaces anyway. (Sometimes fonts try to be smart and have the period character itself have a wider space following it, but this isn't ideal: there can be periods within a sentence, because of abbreviations etc.)