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Colonialism in 1945. Decolonization refers to the undoing of colonialism, the establishment of governance or authority through the creation of settlements by another country or jurisdiction. The term generally refers to the achievement of independence by the various Western colonies and protectorates in Asia and [Africa]] following World War II.
Nationalisation (an alternative spelling is nationalization) is the process of taking a private industry or private assets into public ownership by a national government or state.n this context, the goals of nationalization were to dispossess large capitalists and redirect the profits of industry to the public purse, as a precursor to the long-term goals of establishing worker-management and reorganizing production toward use.