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
Indonesia and the World Bank particularly on Indonesia's energy and infrastructure sectors, specialty areas of the IBRD and ICF. This investment was met with speculation that the Washington-influenced World Bank is cultivating a strategy of crowding out opportunity for Chinese investment in the archipelago. The World Bank also administers several programs to combat Indonesia's financial issues. One of these is the Generasi program, which provides incentivized block grants to communities. Generasi is present in 5,488 villages across 11 provinces, with as many as 5 million recipients. According to the World Bank, it intends to support three of the UN's Millennium Development Goals: maternal health, child