Repeal of Prohibition (1933)
The 21st Amendment ended national Prohibition, and Massachusetts adopted a license quota that capped how many bars and restaurants could serve alcohol in Boston. The cap froze supply for decades.
Licenses became scarce, and demand quickly outstripped supply.
Prices on the secondary market soared past $600,000, pricing out most small restaurants and deepening inequities in lower-income neighborhoods.
Today's upgrade pathway is the first real loosening of that Depression-era structure.
