Monopoly, the enduring and iconic board game, celebrated its 78th year on February 6. As a gift, its marketer, Hasbro, got it a brand new kitty token, while retiring the dull flat iron. As old as it is, Monopoly still is an effective tool for teaching kids some basic notions about money. Resource for this article:

 

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Looking at the history  

 

Parker Brothers bought the rights to Monopoly in 1935 when Charles Darrow came up with the idea. The unemployment man was working part-time walking dogs and repairing steam-radiators to get by. Darrow based the game in Atlantic City, though street titles have changed since that time. It is surely a cutthroat game loved by everyone.   

 

People believe Monopoly might really just be another version of The Landlord’s Game though. The game was inspired by economist Henry George when activist Elizabeth Magie put it together. It had a political plan in the game and was patented in 1904 by Magie.         

 

 

 

Original parts of game  

 

The Monopoly game parts are well known. Most of them have been there since the beginning, except for the wheelbarrow and dog which were added in the 1950s. The rest of the tokens came from Darrow’s daughter’s charm bracelet. The pieces are well known because they have nothing to do with business.   

 

The kitty was chosen in a Facebook competition, in which enthusiasts were allowed to choose between robot, helicopter, diamond ring, guitar, and kitty tokens.   

 

 

 

Best practice to learn  

 

One of the best parts about Monopoly is that it shows kids the financial lessons they may actually use later on in life. According to Mother Nature Network’s Melissa Hincha-Ownby, the game is great because it shows children that there are consequences to your monetary decisions. It shows children that you have to go to jail if you do not pay taxes and shows that the bank always has more cash than you do. It shows kids the best way to manage money and the way to pay rent when it comes due. It is a good teaching tool.         

 

 

 

Sources  

 

Pacific Standard  

 

CBS  

 

Mother Nature Network