America’s Bourbon Boom
Bourbon, America’s only homegrown spirit, holds a special place in the country’s history. In fact, George Washington ran the nation’s largest distillery in the early 1800s.
Today’s infographic comes from WebstaurantStore, and it digs into whiskey’s history, production, market shares, and more. Even seasoned fans will likely pick up some new facts to share over that next dram of bourbon.
American whiskey is experiencing an impressive resurgence, but the road to the current bourbon boom hasn’t always been smooth.
In the 1960s, white spirits such as vodka were experiencing a big boost in sales. Inspired by James Bond, younger consumers were imbibing martinis and mixed drinks like highballs and Bloody Marys. As a result, American whiskey brands were beginning to see their market shares erode.
In an effort to reinvigorate sales, distillers shifted down-market to create lighter, cheaper whiskeys that were designed for cocktail mixing. Bourbon’s image – and bottom line – took a huge hit as young consumers saw the spirit as “grandpa’s drink”.
Back from the dead
There were a few factors that brought bourbon back into the mainstream.
First, the spirit got a big boost from Japanese companies. Both Kirin and Suntory are heavily invested in bourbon production, and their wide reach helped spark global demand, particularly in Australia and New Zealand:
American Whiskey has also received a boost from hipster culture and the popularity of shows such as Mad Men and House of Cards, where heavyweight characters are fans of the spirit. Ultra-premium and craft batches are generating a lot of excitement, and there is still plenty of room for the category to continue growing.
In short, bourbon is having a moment.
Kentucky is winning big
Thanks to surging demand for American whiskey domestically and abroad, Kentucky’s economy is also profiting from the bourbon boom. The distilling industry now has an annual economic impact of $8.5 billion. As well, the industry is in the midst of a $1.2 billion construction boom as distillers reinvest capital into expansion projects (fueled by recent tax cuts).
The bourbon boom is benefiting employees as well. Average salaries in the industry have nearly doubled since 2001:
With brisk demand and expanding production, the bourbon boom is showing no signs of slowing down. For investors looking to capitalize on the trend, there’s even a whiskey-oriented ETF: WSKY.
This truly is the golden age of bourbon
– Eric Gregory, President, Kentucky Distillers’ Association
Mapped: The World’s Legal Government Systems
The political regimes of the world’s countries have changed over centuries. This map charts the nine government systems that rule the world today.
Mapping The World’s Legal Government Systems
With over 200 countries existing across the world with unique cultures and traditions, one might assume that there are hundreds of types of government systems. But both historically and in modern times, that’s not the case.
Even while political regimes across these countries have changed over time, they’ve largely followed a few different types of governance. Today, every country can ultimately be classified into just nine broad forms of government systems.
This map by Truman Du uses information from Wikipedia to map the government systems that rule the world today.
Countries By Type of Government
It’s important to note that this map charts government systems according to each country’s legal framework.
Many countries have constitutions stating their de jure or legally recognized system of government, but their de facto or realized form of governance may be quite different.
Here is a list of the stated government system of UN member states and observers as of January 2023:
|Country||Constitutional form||Head of state|
|Antigua and Barbuda||Constitutional monarchy||Ceremonial|
|Bahamas, The||Constitutional monarchy||Ceremonial|
|Bosnia and Herzegovina||Republic||Ceremonial|
|Central African Republic||Republic||Executive|
|China, People's Republic of||Republic||Ceremonial|
|Congo, Democratic Republic of the||Republic||Executive|
|Congo, Republic of the||Republic||Executive|
|New Zealand||Constitutional monarchy||Ceremonial|
|Papua New Guinea||Constitutional monarchy||Ceremonial|
|Saint Kitts and Nevis||Constitutional monarchy||Ceremonial|
|Saint Lucia||Constitutional monarchy||Ceremonial|
|Saint Vincent and the Grenadines||Constitutional monarchy||Ceremonial|
|São Tomé and Príncipe||Republic||Executive|
|Saudi Arabia||Absolute monarchy||Executive|
|Solomon Islands||Constitutional monarchy||Ceremonial|
|Trinidad and Tobago||Republic||Ceremonial|
|United Arab Emirates||Constitutional monarchy||Executive|
|United Kingdom||Constitutional monarchy||Ceremonial|
|Vatican City||Absolute monarchy||Executive|
Let’s take a closer look at some of these systems.
Brought back into the spotlight after the death of Queen Elizabeth II of England in September 2022, this form of government has a single ruler. They carry titles from king and queen to sultan or emperor, and their government systems can be further divided into three modern types: constitutional, semi-constitutional, and absolute.
A constitutional monarchy sees the monarch act as head of state within the parameters of a constitution, giving them little to no real power. For example, King Charles III is the head of 15 Commonwealth nations including Canada and Australia. However, each has their own head of government.
On the other hand, a semi-constitutional monarchy lets the monarch or ruling royal family retain substantial political powers, as is the case in Jordan and Morocco. However, their monarchs still rule the country according to a democratic constitution and in concert with other institutions.
Finally, an absolute monarchy is most like the monarchies of old, where the ruler has full power over governance, with modern examples including Saudi Arabia and Vatican City.
Unlike monarchies, the people hold the power in a republic government system, directly electing representatives to form government. Again, there are multiple types of modern republic governments: presidential, semi-presidential, and parliamentary.
The presidential republic could be considered a direct progression from monarchies. This system has a strong and independent chief executive with extensive powers when it comes to domestic affairs and foreign policy. An example of this is the United States, where the President is both the head of state and the head of government.
In a semi-presidential republic, the president is the head of state and has some executive powers that are independent of the legislature. However, the prime minister (or chancellor or equivalent title) is the head of government, responsible to the legislature along with the cabinet. Russia is a classic example of this type of government.
The last type of republic system is parliamentary. In this system, the president is a figurehead, while the head of government holds real power and is validated by and accountable to the parliament. This type of system can be seen in Germany, Italy, and India and is akin to constitutional monarchies.
It’s also important to point out that some parliamentary republic systems operate slightly differently. For example in South Africa, the president is both the head of state and government, but is elected directly by the legislature. This leaves them (and their ministries) potentially subject to parliamentary confidence.
Many of the systems above involve multiple political parties vying to rule and govern their respective countries.
In a one-party state, also called a single-party state or single-party system, only one political party has the right to form government. All other political parties are either outlawed or only allowed limited participation in elections.
In this system, a country’s head of state and head of government can be executive or ceremonial but political power is constitutionally linked to a single political movement. China is the most well-known example of this government system, with the General Secretary of the Communist Party of China ruling as the de facto leader since 1989.
The final form of government is a provisional government formed as an interim or transitional government.
In this system, an emergency governmental body is created to manage political transitions after the collapse of a government, or when a new state is formed. Often these evolve into fully constitutionalized systems, but sometimes they hold power for longer than expected.
Some examples of countries that are considered provisional include Libya, Burkina Faso, and Chad.
Money5 days ago
The Richest People in the World in 2023
Politics4 weeks ago
How the Russian Invasion of Ukraine Impacts Science and Academia
Datastream2 weeks ago
The Drive for a Fully Autonomous Car
Demographics1 day ago
Mapped: The World’s Happiest Countries in 2023
Science4 weeks ago
Ranked: Biotoxins in Nature, by Lethal Dose
Markets2 weeks ago
Mapped: The Largest 15 U.S. Cities by GDP
Markets3 weeks ago
Which Countries Have the Lowest Inflation?
Misc2 weeks ago
Vintage Viz: China’s Export Economy in the Early 20th Century