Definition of nationalization in US English:

nationalization

(British nationalisation)

noun

  • The transfer of a major branch of industry or commerce from private to state ownership or control.

    ‘the nationalization of the railroads’
    • ‘He opposed economic nationalization on both philosophical and programmatic grounds.’
    • ‘It was an unequivocal plea for land nationalisation and the abolition of private ownership of land.’
    • ‘The nationalisation programme ground to a halt.’
    • ‘On 1 May 1951 he announced the nationalisation of the oil industry.’
    • ‘He advocated nationalisation from the start.’
    • ‘He advocated social and economic reform, and nationalization of land and industry.’
    • ‘We believe that nationalisation of the banks is a necessary accompaniment to such monetisation.’
    • ‘They wanted the gradual nationalisation of the large industries by parliamentary methods.’
    • ‘After the nationalisation of the railways in 1948, The British Transport Films Unit was created to record and publicise the work of the nationalised transport industries.’
    • ‘The referendum was seen as a step towards nationalisation.’
    • ‘The new president announced a drastic reform programme, including measures for oil nationalization, land redistribution, and industrial expansion.’
    • ‘They demanded the nationalisation of the mines and the expropriation of the landlords.’
    • ‘Somewhere between nationalisation and privatisation, the famous Third Way has now been discovered.’

Pronunciation

nationalization

/ˌnaSH(ə)nəˌlīˈzāSHən/