Meaning of the word nationalize in English

What does nationalize mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

nationalize

US /ˈnæʃ.ən.əl.aɪz/
UK /ˈnæʃ.ən.əl.aɪz/

Verb

1.

(of a government) to take control of a business or industry:

Example:
The Mexican president nationalized the railroads in 1939.
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