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Nationalization

111 bytes added, 22:42, 19 April 2010
National socialism pic
[[Image:Hitlerspeech.jpg‎|thumb|215px|right|Leader of the German [[Nazi|'''National Socialist''']] party]]‎'''Nationalization''' means the permanent takeover of a private business by the government. Sometimes it is voluntary with full payment to the previous owners, and sometimes it is involuntary with no payment or worthless bonds.
[[Socialist]] governments nationalized industry in Britain, France and other countries after World War II. In most cases they have been privatized, that is returned to private ownership.
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