The game of Monopoly debuted in 1935 during a time of financial recovery after a steep economic downturn called the Great Depression from which we’ve never really recovered since government intervention created the Depression and every economic downturn since.
A similar game was developed Elizabeth (Lizzie) J. Magie Phillips in 1903. The Landlord’s Game, as it was called, was self-published in 1906. “Although The Landlord’s Game was patented, it was not taken up by a manufacturer until 1910, when it was published in the U.S. by the Economic Game Company of New York. There were other board games based on the buying and selling of land leading up to the ever-popular Monopoly.
There’s good historical evidence that Monopoly is based on The Landlord’s Game for the simple fact that Parker Brothers bought the patent rights for $500 in 1935 and there is an early old board game that some say bears a striking resemblance to Monopoly.
Boom and bust economic cycles are made worse by government interference. Left alone, the markets most often smooth themselves out with fewer extreme highs and lows.
After the economic debacle of 2008, the government once again tried to fix what it created and as a result is extending the economic recession.
11. Besides the Bank’s money, the Bank holds the Title Deeds, and the houses and hotels prior to purchase by the players. The Bank pays salaries and bonuses. It sells and auctions properties and hands out the proper Title Deed cards when purchased by a player, it also sells houses and hotels to the players and loans money when required on mortgages.
“The Bank collects all taxes, fines, loans and interest, and the price of all properties which it sells and auctions. The Bank ‘never goes broke.’ If the Bank runs out of money, the Banker may issue as much as needed by writing on any ordinary paper.”
Don’t ever say that politicians don’t learn anything. They’ve learned their lessons well even if we haven’t. United States currency is different from Monopoly money in one way: Our government prints it, values it, and forces us to use it as currency at ever decreasing value while calling the result “prosperity.” In reality, it’s theft.