Jump to ContentJump to Main Navigation
Public and Private Ownership of British Industry 1820–1990$
Users without a subscription are not able to see the full content.

James Foreman-Peck and Robert Millward

Print publication date: 1994

Print ISBN-13: 9780198203599

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198203599.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 November 2020

The Causes and Content of the 1940s Nationalizations

The Causes and Content of the 1940s Nationalizations

(p.274) 8 The Causes and Content of the 1940s Nationalizations
Public and Private Ownership of British Industry 1820–1990

James Foreman-Peck

Robert Millward

Oxford University Press

The industries which were nationalised in the 1940s have been described as ‘basic’, a loose but commonly used phrase meaning no more than that they were part of the fuel and transport infrastructure or were producers of major capital goods like iron and steel. Nationalisation means that all the assets associated with specific products or services are brought under public ownership. Many of the existing companies had substantial ancillary activities which were difficult to unscramble from the main line of business; hence whole undertakings were often acquired. The railways were nationalised and the new Railway Executive had a monopoly on all rail services. Nationalisation was thus associated with the sale of certain products and services under monopoly conditions which were enshrined in the nationalisation statutes.

Keywords:   nationalisation, public ownership, railways, Railway Executive, monopoly, statutes, products and services, industries

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .