Iron and Steel Act 1949
E36327
The Iron and Steel Act 1949 was a UK law that nationalised the iron and steel industry by bringing major firms under public ownership through the creation of the Iron and Steel Corporation of Great Britain.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament of the United Kingdom
ⓘ
United Kingdom statute ⓘ |
| administrativeBody | Iron and Steel Corporation of Great Britain ⓘ |
| affectedBy | Iron and Steel Act 1953 ⓘ |
| amendedBy | Iron and Steel Act 1953 ⓘ |
| archivedIn |
The National Archives
ⓘ
surface form:
UK National Archives
|
| cameIntoForce | 1950 ⓘ |
| category |
United Kingdom Acts of Parliament 1949
ⓘ
United Kingdom nationalisation legislation ⓘ |
| citationStyle | 12, 13 & 14 Geo. 6 c. 72 ⓘ |
| country | United Kingdom ⓘ |
| createdEntity | Iron and Steel Corporation of Great Britain ⓘ |
| enactedUnderMonarch | George VI ⓘ |
| governmentInPower |
Attlee government
ⓘ
surface form:
Clement Attlee ministry
|
| historicalPeriod | post-World War II Britain ⓘ |
| impact | transferred ownership of major iron and steel producers to the state ⓘ |
| implementedBy | Ministry of Supply (UK) ⓘ |
| industryCovered |
iron industry
ⓘ
steel industry ⓘ |
| introducedBy |
Attlee government
ⓘ
surface form:
Labour government
|
| jurisdiction |
British Parliament
ⓘ
surface form:
Parliament of the United Kingdom
|
| languageOfDocument | English ⓘ |
| legalArea |
economic regulation
ⓘ
public ownership law ⓘ |
| legislature |
British Parliament
ⓘ
surface form:
Parliament of the United Kingdom
|
| longTitle | An Act to provide for the nationalisation of the iron and steel industry and for purposes connected therewith ⓘ |
| opposedBy | Conservative Party (UK) ⓘ |
| policyType | nationalisation legislation ⓘ |
| politicalContext | post-war nationalisation programme ⓘ |
| politicalPartyInGovernment | Labour Party (UK) ⓘ |
| providedFor |
acquisition of securities of iron and steel companies
ⓘ
compensation to former owners of nationalised undertakings ⓘ control of development and reorganisation of the industry ⓘ |
| purpose |
to bring major iron and steel firms into public ownership
ⓘ
to coordinate and plan the iron and steel industry at national level ⓘ |
| regionApplied | Great Britain ⓘ |
| relatedConcept | mixed economy in the United Kingdom ⓘ |
| relatedTo |
Coal Industry Nationalisation Act 1946
ⓘ
Electricity Act 1947 ⓘ Transport Act 1947 ⓘ |
| royalAssentDate | 24 November 1949 ⓘ |
| shortTitle | Iron and Steel Act 1949 self-link ⓘ |
| status | partly repealed ⓘ |
| subjectMatter |
nationalisation of iron and steel industry
ⓘ
public ownership of major iron and steel undertakings ⓘ |
| typeOfNationalisation | public corporation model ⓘ |
| yearEnacted | 1949 ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.