ABSTRACT
the inter-war period somewhat resembled the period 1900 to 1914, but the effects of the war itself were considerable. Consumption shrank, the number of breweries was further reduced but the brewing companies’ finances were restored by the inflation which enabled them to meet their fixed commitments, even though output was lower than for many years. In 1918 indeed, output fell to half the 1914 level, but profits were higher than ever before. UK and Ireland (m. Bulk Barrels)
1919 |
33 |
1914 |
37 |
1918 |
19 |
1920 |
35 |
1925 |
27 |
1930 |
27 |
1935 |
22 |
1940 |
26 |
1950 |
29 |