Bank of the People Montreal in 1840. Until 1835, every bank in Upper Canada required a legislated charter which established it as a legal person able to sue, and be sued at law. Only two Banks had been chartered: the Bank of Upper Canada and the Commercial Bank of the Midland District. Both banks were controlled by the "Family Compact" who used their control of the currency supply and credit to control trade and ultimately, the farmers. They had a "licensed monopoly" to print paper money, which reduced competition. In 1835, Dr Charles Duncombe, a Reform politician in the Legislative Assembly, was part of
Nigeria and the World Bank Nigeria and the World Bank The World Bank is an institution that was established in 1944 and since 1958 has provided Nigeria with low interest rate loans through the International Development Association(IDA) and International Bank for Reconstruction and Development (IBRD). As of 2018, it constitutes of 189 member countries. It’s primary goal was to help and rebuild countries after the World War 2. After its independence in 1960, Nigeria officially joined the World Bank on March 30, 1961.As the World Bank's goals and outreach in different countries have diversified, they have gradually over the years organized the bank into five