Nationalization of the railroads

The nationalization of the railroads refers to the process where private railroad companies were brought under government control, making the railroads owned and operated by the state instead of private firms. This typically occurs to improve efficiency, ensure fair pricing, or serve national interests, especially during times of economic crisis or war. By nationalizing, the government can better coordinate transportation services, invest in infrastructure, and prevent monopolistic practices. This shift often involves taking ownership through legislation, with the goal of promoting the public good over individual profit.