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What does collectivize mean?

Looking for the meaning or definition of the word collectivize? Here's what it means.

Verb
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In 1948, the state began to nationalize private firms and to collectivize agriculture.
The more conventional approach is to collectivize the risk in banking and to centralize the problem of distinguishing good banks from bad banks.
In 1928, as every Ukrainian schoolchild now knows, Stalin announced his intention to collectivize the peasantry.
Attempts by the Chinese to collectivize monastic properties in eastern Tibet met with resistance, which led to violence and intervention by the People's Liberation Army that year.
After that they started butchering the Miskito Indians of the Atlantic coast who refused the communists attempt to collectivize their fishing fleet.
Mass deportations occurred in several waves, most significantly in 1949 during the campaign to collectivize agriculture.

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