nationalize

verb
na·​tion·​al·​ize | \ ˈnash-nə-ˌlīz How to pronounce nationalize (audio) , ˈna-shə-nə-ˌlīz \
nationalized; nationalizing

Definition of nationalize

transitive verb

1 : to give a national character to
2 : to invest control or ownership of in the national government

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Other Words from nationalize

nationalization \ ˌnash-​nə-​lə-​ˈzā-​shən How to pronounce nationalization (audio) , ˌna-​shə-​nə-​lə-​ \ noun
nationalizer \ ˈnash-​nə-​ˌlī-​zər How to pronounce nationalizer (audio) , ˌna-​shə-​nə-​ˌlī-​zər \ noun

Examples of nationalize in a Sentence

The government nationalized the health-care system in the mid-1950s. nationalizing the country's oil supply
Recent Examples on the Web For Republicans who’ve been working to nationalize their races all along, the impeachment news couldn’t have come at a better time. San Diego Union-Tribune, "Democrats in South’s governor races hit hurdle: Impeachment," 28 Sep. 2019 The vote also turned away the rest of the party's agenda, which included promises to raise taxes on the rich, increase social spending and nationalize industries such as water delivery, railroads and the postal service. Arkansas Online, "Brexit mandate clear in U.K. vote; Johnson gets royal order after Conservatives win 365 seats," 14 Dec. 2019 But on the whole Labour tried to focus the campaign away from Brexit and onto its radical domestic agenda, vowing to tax the rich, nationalize industries such as railroads and water companies and give everyone in the country free internet access. Anchorage Daily News, "UK edges closer to Brexit as Tories close in on majority," 12 Dec. 2019 Stating that PrivatBank had effectively become a massive laundromat for Kolomoisky’s financial operations, Kyiv nationalized the bank, with Ukrainian officials accusing Kolomoisky of threatening Ukraine’s economic health. Casey Michel, The New Republic, "Meet Trumpworld’s Next Top Ukrainian Grifter," 16 Dec. 2019 Fifty-six percent of voters support nationalizing of railways, for example, versus 22% opposed. Adam Rasmi, Quartz, "A simple way to measure the drastically differing ambitions of the UK’s major political parties," 29 Nov. 2019 Labour governments nationalized many industries, including railroads, coal, steel, energy suppliers and telecommunications after World War II as Britain struggled to rebuild its economy. Washington Post, "Free broadband? UK Labour Party promises nationalization," 15 Nov. 2019 That year, the Ukrainian government nationalized the bank, which was on the brink of insolvency, and Kolomoisky and his associates were accused of embezzling five billion dollars. Joshua Yaffa, The New Yorker, "How Trump’s Emissaries Put Pressure on Ukraine’s New President," 26 Oct. 2019 As soon as the guns of World War II fell silent, Britain’s Labour Party nationalized every major industry and acceded to every socialist demand of the unions. Lee Edwards, National Review, "Three Nations That Tried Socialism and Rejected It," 14 Oct. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'nationalize.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of nationalize

1799, in the meaning defined at sense 1

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Time Traveler for nationalize

Time Traveler

The first known use of nationalize was in 1799

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Statistics for nationalize

Last Updated

18 Jan 2020

Cite this Entry

“Nationalize.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/nationalizers. Accessed 24 January 2020.

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More Definitions for nationalize

nationalization

noun

Financial Definition of nationalization

What It Is

Nationalization occurs when a country's government seizes the assets of corporations or resources without paying for those assets.

How It Works

Let's say Country XYZ elects John Doe. A year before he is due for re-election, John Doe dissolves the ineffective representative houses of government and issues an executive order abolishing presidential term limits. In this way, he is able to assume a dictatorial form of leadership.

Doe then decides that the people of Country XYZ should not have to pay for food. Accordingly, he nationalizes the food manufacturing companies, including Kraft. In doing so, he seizes Kraft's factories, cash accounts, manufacturing equipment and other assets but does not provide compensation to Kraft's investors for those assets. He then appoints a person to run and manage the company on behalf of the government.

The Gold Reserve Act nationalized gold and fixed its price. The Gold Reserve Act was notable because in an attempt to end the Great Depression, it fixed the value of the U.S. Treasury’s gold holdings. By legislating that $1 was worth 15.715 grains of gold, a troy ounce of gold could buy $35 rather than $20.67. By devaluing the dollar this way, the value of the Treasury’s gold increased by $2.81 billion.

After seizing everybody’s gold, the Gold Reserve Act allowed the Treasury to then set the price of gold at $35. The Treasury used the profits to create an Exchange Stabilization Fund, which (even today) allows it to trade foreign currency in order to stabilize the exchange value of U.S. currency without affecting domestic money supply or requiring Congressional approval

Why It Matters

Nationalization is a controversial action, and most investors in nationalized companies will say that it is basically theft. However, when governments nationalize industries or companies, they usually do so in an attempt to control prices for the products those industries produce, are interested in "redistributing wealth," or control the expenses associated with production in that industry. It is most common in developing economies and is sometimes a way to grab power.

Source: Investing Answers

nationalize

verb
How to pronounce nationalize (audio)

English Language Learners Definition of nationalize

: to cause (something) to be under the control of a national government

nationalize

verb
na·​tion·​al·​ize | \ ˈna-shə-nə-ˌlīz How to pronounce nationalize (audio) \
nationalized; nationalizing

Kids Definition of nationalize

: to place under government control

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nationalize

transitive verb
na·​tion·​al·​ize | \ ˈna-shə-nə-ˌlīz How to pronounce nationalize (audio) \
nationalized; nationalizing

Legal Definition of nationalize

: to invest control or ownership of in the national government

More from Merriam-Webster on nationalize

Spanish Central: Translation of nationalize

Nglish: Translation of nationalize for Spanish Speakers

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