Today on Day’s to Remember, we celebrate how on March 7th 1933, the board game Monopoly was invented.
Have you ever played Monopoly?
If you haven’t it’s basically a board game that originated in the United States in 1903 as a way to demonstrate that an economy which rewards wealth creation is better than one in which monopolists work under few constraints and to promote the economic theories of Henry George and in particular his ideas about taxation and women’s rights.
Who knew that board game had some much history attached to it, did you?
The current version was first published by Parker Brothers in 1935.
Subtitled “The Fast-Dealing Property Trading Game”, the game is named after the economic concept of monopoly.
The domination of a market by a single entity, it is now produced by the United States game and toy company Hasbro.
Players move around the game board buying or trading properties, developing their properties with houses and hotels, and collecting rent from their opponents, with the goal being to drive them all into bankruptcy leaving one monopolist in control of the entire economy. Since the board game was first commercially sold in the 1930s, it has become a part of popular world culture, having been locally licensed in more than 103 countries and printed in more than 37 languages.
The history of Monopoly can be traced back to 1903, when American anti-monopolist Elizabeth (Lizzie) J. Magie Phillips, created a game through which she hoped to be able to explain the single tax theory of Henry George.
It was intended as an educational tool to illustrate the negative aspects of concentrating land in private monopolies.
Cardboard houses were added and rents were increased as they were added. Magie again patented the game in 1924.
As the Monopoly game kept evolving into different versions of if, Charles Brace Darrow was an American best known as the claimed inventor of the Monopoly board game.
Darrow was a domestic heater salesman from Germantown, a neighborhood in Philadelphia (the part of Germantown he lived in is now called Mount Airy) during the Great Depression.
The house he lived in still stands at 40 Westview Street. While Darrow eventually sold his version of Monopoly to Parker Brothers, claiming it to be his own invention, modern historians credit Darrow as just one of the game’s final developers.
After losing his job at a sales company following the Stock Market Crash of 1929, Darrow worked at various odd jobs.
Seeing his neighbors and acquaintances play a home-made board game in which the object was to buy and sell property, he decided to publish his own version of the game, with the help of his first son, William, and his wife Esther.
Darrow marketed his version of the game under the name Monopoly, as celebrate how on March 7th 1933, the board game Monopoly was invented.
Written & Designed by JD Mitchell