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
Honduras and the World Bank Directors approved a US$25 million loan in additional financing for the Rural Competitiveness Project, focusing on increased adaptation to climate change which has had a direct impact on food insecurity and poverty rates in the region. Should the implementation of new technologies, an estimated 5,500 new rural housing units, and arrangement of 70 business plans be successful in their targeted goals, programs are set to potentially serve directly to local communities in efforts advancing a vibrant economy backed by a strong infrastructure and thriving agricultural competition. Honduras and the World Bank The World Bank Group is a family of five