In 1903, she patented The Landlord’s Game to reveal the evils of “land monopolism” - basically, profiting from the rent you can charge for the use of land. And if someone tells you their favorite squares are the Luxury Tax (pay $75) or Income Tax (pay $200 or 10%), you give them a funny look and wonder what went wrong in their childhood.īut how many of you know that Monopoly was originally created back in 1903 to illustrate a theory about taxes?Įlizabeth “Lizzie” Magie was a stenographer, writer, comedienne, actress, and engineer. That someone always goes bankrupt first.) Some players prefer “Chance,” “Community Chest,” or taking a ride on the Reading Railroad. (Some contrarian always says that lowly Baltic Avenue, priced at just $60, is their favorite. When most of us picture the Monopoly board, we see the familiar rows of streets, named after those in Atlantic City: Boardwalk, Park Place, and all the rest. And on February 6th of that year, the Parker Brothers company started selling an escape from all that misery: a family-friendly board game that anyone could afford, called Monopoly. Even the suicide rate was higher during those dark years. Unemployment stood at a horrendous 20.1%. Gross domestic product had shrunk from $103.6 billion in 1929 to $73.3 billion. In 1935, Americans were mired in the depths of the Great Depression.
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