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 forestry, energy, public administration and other areas in need of refinement.By 2018 the World Bank has approved over 225 projects in Nigeria since 1958, most of which happened through IDA credits and IBRD loans. Despite the risks that are associated with most projects, they are carried out by the World Bank and Nigeria with the intention of making the country’s infrastructure better. Some have proven to not be successful, but many others have been successful and changed the lives of Nigeria’s inhabitants. The World Bank has made progress in many areas like, urban and rural development, energy production, agriculture, etc...