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Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. [1] Nationalization contrasts with privatization and with demutualization.
1868 Nationalisation of inland telegraphs under the General Post Office with the Telegraph Act 1868. [69] 1875 Suez Canal Company - The Egyptian share in the company was bought by the government. 1912 Nationalisation of National Telephone Company under the GPO, apart from Portsmouth and Hull. The Portsmouth telephone service was nationalised ...
At the same time, it had emerged as a large employer, and a debate had ensued about the nationalization of the banking industry. [32] Indira Gandhi, the then Prime Minister of India, expressed the intention of the Government of India in the annual conference of the All India Congress Meeting in a paper entitled Stray thoughts on Bank ...
Nationalisation of British railways; Chilean nationalization of copper; Nationalization in Poland; Nationalization of electricity in Quebec; Nationalization of oil in Algeria; Nationalization of oil supplies; Nationalization of PrivatBank; Nationalization of the Iranian oil industry; List of nationalizations by country
On 14 December 1917, it decreed the immediate nationalization of all commercial banks into the People's Bank, the new name it had given to the State Bank of the Russian Empire. [2]: 76 In January 1920, the People's Bank was in turn abolished, after its regional offices had been merged with those of the state treasury.
Anglo Irish Bank was an Irish bank headquartered in Dublin from 1964 to 2011. [1] It began to wind down after nationalisation in 2009. [2] In July 2011 Anglo Irish merged with the Irish Nationwide Building Society, forming a new company named the Irish Bank Resolution Corporation.
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Article 1 decreed subject to nationalization "all the wealth of the soil not in the property of the state at the time of entry into force of the Constitution of the Romanian People's Republic, as well as individual enterprises, societies of any type and private industrial, bank, insurance, mining, transport and telecommunications associations ...