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Corporate History
New Controlling Shareholder, New Directions
1968 - 1980
 Suddenly,
however, the picture was not quite so bright. Largely as a result of the
expansive fiscal policy of the United States, inflation, interest rates,
and government deficits rose, precipitating a plunge in stock prices, the
collapse of high-flying speculators, and a severe downturn in the North
American economy. A number of Power Corporation’s major holdings were
beset by difficulties, some due to the deteriorating conditions, some of
their own making.
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