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Nationalization

usgb/ˌnæʃnələˈzeɪʃn/Volume
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LampPro Tip 1/3
Government ControlPlay
Nationalization usually implies the government gains direct control over an industry or service. SlideAfter the nationalization of railways, the government set the ticket prices.
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Not Always PopularPlay
Nationalization can be controversial, with strong opinions both for and against it. SlideNationalization of the banks divided public opinion.
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Economic ImpactPlay
The term often involves significant changes to a country's economy and can affect employment. SlideThe nationalization of steel factories aimed to stabilize jobs.
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