Nationalize in the context of Renault


Nationalize in the context of Renault

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⭐ Core Definition: Nationalize

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. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization (or deprivatization). Industries often subject to nationalization include telephones, electric power, fossil fuels, iron ore, railways, airlines, media, postal services, banks, and water (sometimes called the commanding heights of the economy), and in many jurisdictions such entities have no history of private ownership.

Nationalization may occur with or without financial compensation to the former owners. Nationalization is distinguished from property redistribution in that the government retains control of nationalized property. Some nationalizations take place when a government seizes property acquired illegally. For example, in 1945 the French government seized the car-maker Renault because its owners had collaborated with the 1940–1944 Nazi occupiers of France.

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Nationalize in the context of United Rocket and Space Corporation

The United Rocket and Space Corporation (Russian: Объединенная ракетно-космическая корпорация) or URSC is a Russian joint-stock corporation formed by the Russian government in 2013 to renationalize the Russian space sector. The government intended to do so in such a way as to "preserve and enhance the Roscosmos space agency". The reorganization continued into 2014 with a Sberbank cooperation agreement, and 2015 with a process to merge with the Russian Federal Space Agency to create the Roscosmos State Corporation. Roscosmos Space Agency, as a state agency, was abolished in December 2015 and the Roscosmos state-run corporation took over 1 January 2016 and the United Rocket and Space Corporation became part of the newly formed Roscosmos State Corporation in accordance with presidential decree No. 221.

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Nationalize in the context of Railway Protection Movement

The Railway Protection Movement (simplified Chinese: 保路运动; traditional Chinese: 保路運動; pinyin: bǎo lù yùndòng), also known as the "Railway Rights Protection Movement", was a political protest movement that erupted in 1911 in late Qing China against the Qing government's plan to nationalize local railway development projects and transfer control to foreign banks. The movement, centered in Sichuan province, expressed mass discontent with Qing rule, galvanized anti-Qing groups and contributed to the outbreak of the 1911 Revolution. The mobilization of imperial troops from neighboring Hubei Province to suppress the Railway Protection Movement created the opportunity for revolutionaries in Wuhan to launch the Wuchang Uprising, which triggered the revolution that overthrew the Qing dynasty and established the Republic of China.

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