cowdery
03-05-2010, 17:40
In another thread, funknik posted this story (http://www.time.com/time/magazine/article/0,9171,904993-1,00.html) from Time Magazine in 1971. It's about how Light Whiskey was going to save the booze industry.
They called it "The Billion Dollar Gamble," and in 1971, a billion dollars was real money!
I love that Time archive because it gives you these great snapshots. In about the middle of the story, they show the market share change of different types of distilled spirits between 1957 and 1970.
Bourbon declined from 30% to 23%
Blended spirits declined from 34% to 19.5%
Scotch grew from 8% to 14%
Canadian grew from 5% to 9%
Vodka grew from 6% to 12%
Although the chart doesn't show it, 'everything else' grew from 17% to 22.5%, which would have included gin, rum, tequila and cordials (liqueurs).
But American blends were bigger than straights in 1957. Blends are inherently lighter than straights, and blends were dying even faster than straights, yet the brain trust thought something even lighter than blends was the answer? Amazing.
Read more: http://www.time.com/time/magazine/article/0,9171,904993-2,00.html#ixzz0hM8jAHFF
They called it "The Billion Dollar Gamble," and in 1971, a billion dollars was real money!
I love that Time archive because it gives you these great snapshots. In about the middle of the story, they show the market share change of different types of distilled spirits between 1957 and 1970.
Bourbon declined from 30% to 23%
Blended spirits declined from 34% to 19.5%
Scotch grew from 8% to 14%
Canadian grew from 5% to 9%
Vodka grew from 6% to 12%
Although the chart doesn't show it, 'everything else' grew from 17% to 22.5%, which would have included gin, rum, tequila and cordials (liqueurs).
But American blends were bigger than straights in 1957. Blends are inherently lighter than straights, and blends were dying even faster than straights, yet the brain trust thought something even lighter than blends was the answer? Amazing.
Read more: http://www.time.com/time/magazine/article/0,9171,904993-2,00.html#ixzz0hM8jAHFF