Top 10 adventure places in world for Nationalization became synonymous with the socialization of European economies in the second half of the 20th century. SWEDEN became the prime example of a socialized democracy and used nationalization to create a mixed economy. France and Great Britain extended nationalization to service industries including broadcasting, banking, and telecommunications. Former colonies nationalized industry during this period. In the 1950s, EGYPT nationalized the SUEZ COMPANY, provoking France and Great Britain to send military forces to the area. In 1951, the Iranian government nationalized the Anglo-Iranian Oil Company. Throughout Africa and South America, governments nationalized foreign and domestic investments to consolidate power and to foster competition with stronger economies. Top 10 adventure places in world 2016.