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Oxford Dictionaries Online gives the following definition for the phrasal verb shake down:
become established in a new place or situation; settle down
And it gives the following example sentence for this meaning:
It was disruptive to the industry as it was shaking down after deregulation.
I know shaking down here means "restoring". But how could shaking down be a disruptive thing? Or do the two its in the sentence have different denotations?
The first "it" is referring to some condition or action that disrupted the industry. The second "it" is referring to the industry that was in the unstable shaking down state when the outside influence disrupted it further.
