Monopoly money has also been used to refer to currency issued by a government as early as 1915, when Alfred and Maud Westrup contrasted monopoly money with a plan by landowners to issue their own currency. The phrase monopoly money has other, unrelated, uses which predate the board game and which are worth noting here.Īs early as 1901, monopoly money was used to describe money made and held by actual monopolists. In colloquial speech and writing, counterfeit money is sometimes called monopoly money for rhetorical effect to indicate its worthlessness, and, in the case of poor counterfeits, its obviously fake appearance. Moneybags as a bank teller, invoked monopoly money to describe the look and feel of the newly revamped twenty-dollar bill. In 1998, a New Yorker cartoon, featuring the Monopoly mascot Mr. The term was used again in a Congressional hearing in 1976, this time to describe the scrip used for the food-stamps welfare program. The witness invoked the game, suggesting that the money was thrown around “indiscriminately” like play money. During 1958 hearings about payola, a bribery scheme between music publishers and radio stations, a witness before the US House of Representatives claimed that the record company BMI was handing out monopoly money to get air play. The 1949 book Grandparents Go Abroad compared the German Deutsche Mark to Monopoly money in look and feel.
It could also refer to scrip, vouchers, or other tokens that only have value in certain limited circumstances. That could mean money with real value that looks or feels strange physically, like the multi-colored, thin paper bills from the game. As the game gained popularity, people began to use Monopoly money to describe money that in some way resembled the fake money from the game. Each player starts with $1500, as distributed and managed by the game’s designated banker. In Monopoly, the money comes in denominations of $1 (white in color) to $500 (gold or orange). Both the Parker Brothers game and Magie’s featured physical play money for gameplay. This, in turn, was based on The Landlord’s Game, patented by its creator Elizabeth Magie in 1904. Charles Darrow, usually credited as the game’s creator, played an early, homemade version of the game in 1932. Parker Brothers released the now-classic board game Monopoly in 1935.
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