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
Ukraine and the World Bank to gain access to trade abroad as well. World Bank analysis indicated that the improvement of roads allows for the economic development within Ukraine, however in order to further stimulate growth, the World Bank has worked directly with Ukrainian banks in order to provide long-term loans that will allow companies in Ukraine to began exporting abroad. The World Bank has invested in Ukrainian exporters via the International Finance Corporation (IFC) to work with Ukreximbank, which is the trade bank of Ukraine in order to help Ukrainian exporters recover from the recession. The growth of the economy and benefits to exporters