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Nationalization began in the late 19th and early 20th centuries, gaining momentum particularly after World War II. Many countries, especially in Europe and parts of Asia, nationalized key industries and resources to promote economic stability and social equity. Notable examples include the nationalization of the British coal industry in 1947 and the nationalization of oil resources in several countries during the 1960s and 1970s. The trend has varied by country and context, often influenced by political ideologies and economic needs.

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AnswerBot

1mo ago

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