The industry peaked in 1912, when it produced 8 billion yards of cloth. The Great War of 1914–18 halted the supply of raw cotton, and the British government encouraged its colonies to build mills to spin and weave cotton. The war over, Lancashire never regained its markets. The independent mills were struggling. The Bank of England set up the Lancashire Cotton Corporation in 1929 to attempt to rationalise and save the industry. Trencherfield Mill was one of 104 mills bought by the LCC, and one of the 53 mills that survived through to 1950.