Nationalized Meaning: Definition, Examples, and Translations
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nationalized
[ˈnæʃənəˌlaɪz ]
Definitions
economics
Transfer (a major branch of industry or commerce) from private to state ownership or control.
Synonyms
public ownership, socialize, state-run.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| nationalized |
Typically used in formal political or economic discussions where something (usually an industry or service) is taken over by the government.
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| socialize |
Often used in a more general sense to indicate making something accessible and beneficial to the community, not just controlled by the government. It has a slightly negative connotation in some capitalist economies.
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| state-run |
Used to describe industries, services, or enterprises that are managed and operated by the government. It conveys a straightforward and neutral tone.
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| public ownership |
Frequently used in discussions about the economic system or public policy, referring to the state or the community owning and controlling resources or enterprises.
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Examples of usage
- The government nationalized the country's oil industry.
- The railways were nationalized in 1948.
politics
Transfer (a major industry or company) from private to state ownership or control.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| nationalized |
Usually used when a government takes control of a private industry or company with the intention of making it publicly owned. It often suggests a formal and structured process.
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| take over |
Commonly used in business contexts when one company gains control of another company. It can also refer to assuming control or responsibility for something.
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| seize |
Typically used when taking control or possession suddenly or by force. It can be used in both legal and illegal contexts, often implying urgency and authority.
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| confiscate |
Often used when authorities take property as a penalty or for legal reasons. It has a negative connotation and implies forceful action without compensation.
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Examples of usage
- The newly elected government promised to nationalize the telecommunications sector.
- The decision to nationalize the banks was met with mixed reactions.
general
Take under state control or ownership.
Synonyms
acquire, commandeer, expropriate.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| nationalized |
This is a duplicate entry. Refer to the first 'nationalized' entry for context and examples. |
| expropriate |
Use 'expropriate' when the government takes private property for public use, usually with compensation to the owner, but sometimes under controversial circumstances. It often carries a formal or legal tone.
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| commandeer |
Use 'commandeer' when someone, typically a person in authority or the military, takes control of property or resources, often without the owner's consent. This term has a forceful and sometimes negative connotation.
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| acquire |
Use 'acquire' when a company purchases another company or assets in a legal business transaction. This word conveys a neutral or positive tone and is commonly used in corporate and financial contexts.
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Examples of usage
- The government decided to nationalize the healthcare system.
- The company was nationalized due to financial mismanagement.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economic Policy
- Countries often nationalize industries to gain control over important resources, such as oil or railways, for national interests.
- Nationalization can be a response to economic crises, aiming to stabilize and protect jobs.
- It has been used by various governments to redistribute wealth and enhance public access to services.
Historical Examples
- In 1917, the Bolshevik Revolution led to the nationalization of land and industries in Russia, reshaping its economy.
- The British government nationalized key industries like coal mining and railways after World War II to rebuild the economy.
- In recent years, Venezuela has nationalized its oil industry, impacting both its economy and international relations.
Cultural Impact
- Nationalization has sparked significant debate about government control vs. private enterprise, influencing political ideologies worldwide.
- Cultural narratives often depict nationalization as a means of reclaiming resources for the benefit of all citizens.
Contemporary Discussions
- In recent times, the idea of nationalization is resurfacing amid discussions about climate change, particularly in energy sectors.
- Activists argue that nationalizing certain utilities can lead to better management of resources and sustainability efforts.
Origin of 'nationalized'
Main points about word origin
- 'Nationalized' comes from the word 'nation' and the suffix '-ized', indicating the process of making something part of a nation.
- The term began being used widely in the 19th century during the rise of state involvement in industries.
The term 'nationalize' originated in the early 20th century, derived from the word 'national' combined with the suffix '-ize', indicating the action of making something national in scope or ownership. The concept of nationalization has been a topic of debate in various countries throughout history, often associated with government intervention in the economy or public services.
See also: denationalization, ultranationalism, ultranationalistic.