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
Costa Rica and the World Bank Costa Rica and the World Bank The World Bank and Costa Rica have had a long relationship. Costa Rica has been able to sustain a good economy and have some of the most progressive policies hen compared to other Latin American countries. The World Bank and Costa Rica have two active projects as of December 2018. The World Bank has been able coin Costa Rica as a developmental success. Although Costa Rica has been actively working on reform to better the country and has the lowest poverty rate in Central America, it still remains a third world country, due to