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
China and the World Bank led to the World Bank ruling to withdraw funding for this section of the project to stop this controversial debate. In the year 2000, the World Bank also stopped the China Western Poverty Reduction project that was originally going to resettle over 58,000 Chinese farmers into Tibet. After reports were released by inspection panel, the project was forced to be withdrawn because reports indicated that the World Bank violated social and environmental policies. China and the World Bank China did not become involved with the World Bank group until 1980. Since its entry into the World Bank, China has made