Dominion Steel and Coal Corporation - Corporate Predecessors

Corporate Predecessors

Industrial Cape Breton consisted of two distinctive geographic regions for industrial activity: the "north side" of Sydney Harbour, and the "south side". The north side was dominated in the 1800s by the General Mining Association (GMA), which had been formed in the 1820s after the Colony of Cape Breton Island was amalgamated back into Nova Scotia. Several independent collieries opened on the south side and by the 1870s, Canada's federal government had implemented its National Policy of economic protectionist measures. It was during this decade that the leading operators on the "south side" foresaw the benefits of amalgamating and modernizing to replace lost American coal markets in eastern Canada with Cape Breton coal.

Read more about this topic:  Dominion Steel And Coal Corporation

Famous quotes containing the words corporate and/or predecessors:

    Power, in Case’s world, meant corporate power. The zaibatsus, the multinationals ..., had ... attained a kind of immortality. You couldn’t kill a zaibatsu by assassinating a dozen key executives; there were others waiting to step up the ladder; assume the vacated position, access the vast banks of corporate memory.
    William Gibson (b. 1948)

    Human development is a form of chronological unfairness, since late-comers are able to profit by the labors of their predecessors without paying the same price.
    Alexander Herzen (1812–1870)