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Lies, theft, and cover-up: the history of Monopoly you've never heard

August 6, 2026

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5 min read

The Real Story Behind Monopoly: From Anti-Capitalist Protest to American Icon

In 2009, during the Great Recession, journalist Mary Pilon was writing an article about the economic crisis and planned to mention Monopoly in passing. Everyone knew the origin story printed in every game box: Charles Darrow, an unemployed salesman, invented Monopoly during the Great Depression and sold it to Parker Brothers in 1935. But when Pilon started checking dates and details, nothing added up. She called Ralph Anspach, an economics professor who had been involved in a trademark lawsuit over Monopoly in the 1970s. His response: "Oh, the whole story. It's all a lie."

The Forgotten Inventor and Her Radical Mission

The true story begins in 1879, when 13-year-old Lizzie McGee curled up next to a fire in a small Illinois town reading a book her father had given her: Progress and Poverty by Henry George. George was a rock-star economist of the Gilded Age who argued that the root of inequality was the private ownership of land. "Whoever owned the land made the profits and maintained all the power," the episode explains. George proposed a "single tax" on land value that would shift the tax burden to wealthy landlords. His ideas resonated deeply with Americans fed up with the monopolies of railroads, sugar, and oil controlled by the Vanderbilts, Carnegies, and Rockefellers.

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What you'll learn

  • 1 (00:00) **Episode Introduction** - Hosts Randab Defeta and Ram Tin Arabui introduce a hidden history of Monopoly that overturns its familiar origin story.
  • 2 (07:36) **Lizzie McGee and the Seed of an Idea** - In 1879, 13-year-old Lizzie McGee reads "Progress and Poverty" by Henry George, which shapes her lifelong critique of land ownership and inequality.
  • 3 (14:37) **The Landlord's Game: Monopoly's True Origin** - Lizzie McGee invents the Landlord's Game in 1904 as a teaching tool for Henry George’s single tax theory, patenting it when fewer than 1% of patents went to women.
  • 4 (19:24) **Atlantic City Quakers and the Game's Evolution** - In the 1930s, Quakers in Atlantic City adopt the game, adding fixed property prices based on local real estate, including segregated neighborhoods.
  • 5 (21:22) **Charles Darrow's Theft and the Cinderella Story** - Charles Darrow learns the game from friends, copies the rules, and pitches it to Parker Brothers as his own invention during the Great Depression.
  • 6 (28:13) **Lizzie McGee Fights Back** - Lizzie McGee discovers Darrow’s claim and goes public, holding up her patents and giving interviews to the Washington Post and Washington Evening Star.
  • 7 (32:12) **Post-War Monopoly as Americana** - After World War II, Monopoly becomes a symbol of American stability and the suburban dream, boosted by the GI Bill and a desire for normalcy.

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Show Notes

Monopoly is one of the best-selling board games of all time. It heralds free market economics and celebrates the American dream. That's a far cry from the original intent. This week on our series Hidden Histories, we go back in time to reveal the swindling and cover ups that robbed Monopoly's inventor of her fair share and turned her scathing critique of capitalism into her worst nightmare. (This episode originally aired in 2022) 

Guests: 

Mary Pilon, author of The Monopolists: Obsession, Fury, and the Scandal Behind the World's Favorite Board Game

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