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In this absorbing narrative, Barry E.C. Boothman traces the history
of Abitibi Power & Paper Limited alongside the rise and fall of
the newsprint industry and the advent of Canadian corporate
capitalism. In the first half of the twentieth century, Abitibi was
Canada's biggest manufacturer - an apparent success story after the
Wall Street crash of 1929 and a company deemed "too big to fail" -
but the company eventually ended up at the centre of the longest
and most controversial bankruptcy in Canadian history. Moving from
the frontier areas of northern Ontario to the heart of the
continental economy, Corporate Cataclysm shows how competitive
strategies, industrial organization, corporate finance, and law
combined with the empire-building dreams of entrepreneurs and the
concerns of politicians to generate an economic disaster. It then
chronicles the disputes and intense strife that plagued Abitibi's
fourteen-year receivership.
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