Nationalize v. t. : To make national; to make a nation of; to endow with the character and habits of a nation, or the peculiar sentiments and attachment of citizens of a nation.

Example:
What would happen if Iraq decides to Nationalize its oil?

Taxonomy
nationalization, nationalised, government, assets, nationalisation, banks, privatized, stake, nationalizations, adequate compensation, company, 1938, industries, subsidiaries, country, World War I, Chilean nationalization of copper, Railway Nationalization Act.

Defination from the web:
Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities, being ... 1948 The Australian government attempted to nationalize the banks, but the act was declared unconstitutional by the High Court of Australia in ...