2011 Event Northern Rock bank, nationalized in 2008 by the British Government, is sold to Virgin Money for 747 million pounds 1955 Event Imperial Bank of India nationalized 1954 Event Great Britain's 2 biggest steel factory nationalized 1951 Event Persian army takes over nationalized oil installations 1949 Event Hungary nationalized its industries 1946 Event Bank of England nationalized 1946 Event Bank of England nationalized 1940 Event British railroads nationalized