People: Apr. 19, 1968

A loan of $1,000,000 may seem a pretty hefty bundle of green to most people, but it's hardly enough to make Robert McNamara, 51, blink an eye. Not after handling all those billions in the U.S. defense budget for more than seven years. Even so, the $1,000,000 sum has a special meaning to McNamara, for it marked the first loan he signed in his new job as president of the World Bank. The money will go to Nicaragua to build new high schools.

Oh, the politicians must be grinding their teeth. To throw out the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!