'Monopoly' was a progressive economic thought experiment before it was a board game

Monopoly was based on the satirical Landlord's Game, which criticized the abilities Monopoly rewarded.

Browse a timeline of the fascinating history of board games in America.

The board game Candyland was invented for children quarantined in polio wards.

Gambling funded America's early expansion

In the colonial era, lotteries were viewed as a voluntary tax to help fund infrastructure and capital projects. The idea came from Europe, which had used lotteries dating back to the 16th century. The image below is from a Massachusetts lottery in 1758.

Robber barons, the monopolistic business people of the 19th century, explained

“Robber baron” was a term used to describe 19th-century businesspeople who engaged in monopolistic business practices and didn’t face much business regulation, resulting in significant wealth.

Explore a list of well-known monopolies

Many American monopolies popped up during the rapid industrial growth of the Gilded Age. Industries like steel, tobacco, railroads, and telecommunication have all been monopolized at some point in history.

Market concentration and high markups don't always signal a monopoly

When regulators and economists evaluate whether a company constitutes an illegal monopoly, they often consider its overall market share or its relatively high price markups. This piece argues that the Olley-Pakes decomposition is a better measure, identifying whether customers within a market are switching to more productive companies.

Legendary venture capitalist Peter Thiel once wrote that 'competition is for losers'

With Peter Thiel's "Monopoly Theory," the Founders Fund partner argued that investing in companies that create new categories, rather than those that compete with other businesses in existing ones, is a best practice in venture capital.

Money—not land—became Europe’s key economic driver in the Middle Age

During the medieval commercial revolution, money gradually replaced land as the primary economic commodity. Expanding trade, markets, and finance transformed Europe’s economy—laying foundations, historians argue, that were essential for the later Industrial Revolution.

Adam Smith’s 'The Wealth of Nations' introduced concepts like division of labor, productivity, and free markets

Published in 1776, "The Wealth of Nations" is an influential economic work that laid the foundation for modern economic theory. Smith argued for limited government intervention and touted the benefits of self-regulating markets.

The word 'dystopia' was first used in 1868

John Stuart Mill, an English philosopher, economist, and politician, uttered the word at the House of Commons while criticizing what he considered to be the government’s insufficient land policy for the Irish, saying, “What is commonly called Utopian is something too good to be practicable; but what they appear to favour is too bad to be practicable.”

For much of human history, homeownership was primarily associated with the elite

Before the Industrial Revolution, early mortgages were rather exclusive loans given only to nobility. But as more people gained more wealth through the Industrial Revolution, banks began to take on “higher-risk” loans to everyday people.

John Marshall invested in western land speculation

Like many Virginia elites of his era, Marshall invested in large tracts of western land, including holdings in Kentucky and the Ohio valley. His financial interests mirrored the broader post-Revolutionary pattern of land speculation among political leaders.

Rewrite 1930s Germany with this alternative history game of politics

You are at the head of the Social Democratic Party in Germany in 1928 and must use parliamentary politics, the media, and more to oppose the ascendant National Socialists. This text-based, narrative simulation becomes a lesson in the complexities of political history.

Monsanto got its start in the early 1900s producing saccharin

The company was originally called Monsanto Chemical Works and was founded in 1901 by John Francis Queeny who was then a wholesale drug buyer. He named the company Monsanto for his wife's maiden name. At first, the company began producing saccharin with borrowed equipment and secondhand machines, aiming to produce domestically what was then being imported from Germany. (Some users may encounter a paywall.)

The American 'Who Wants to Be a Millionaire?' redefined the quiz show

The show was already a success in the United Kingdom when it was adapted for the US to boost ratings during 1999’s “sweeps week,” a pivotal time for television ratings. The show worked, thanks to a charismatic host in Regis Philbin and the high stakes of a big cash prize. That combination would be replicated with great success in reality competition shows, such as “American Idol,” which would follow.

How a 19th-century aristocrat scammed the rich to buy fake Caribbean land

Nearly 200 years ago, Gregor MacGregor pulled off one of the most brazen real estate scams in history. A disgraced military leader, MacGregor sold plots of land in what is today Honduras, touting the country of Poyais as a new major region in South America. But no building was taking place, and instead of investing the proceeds of bond sales in construction, MacGregor was lining his pockets. Read the unbelievable story of MacGregor's exploits here.

Modern monetary theory argues that governments can spend more without worrying about debt

In this discussion, economists Stephanie Kelton and Rohan Grey join Jon Stewart to explain modern monetary theory and debate whether expansive government spending can address inequality and economic crises without traditional debt constraints.

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

Play a game that reveals if investors with a crystal ball make better trades

The "crystal ball" game reveals how well you would do trading stocks and bonds if you could see the front page of the Wall Street Journal one day in advance.

Lewis Carroll's 'Alice's Adventures in Wonderland' turned the fantasy genre upside down

A lot of 19th-century British fantasy was often stiff; its children’s literature was often overly didactic. Carroll’s novel—about a young girl who falls into an unusual world full—was neither, offering vivid, psychedelic imagery and seemingly nonsensical word games.

How Monet’s paintings changed the way we see London

Between 1899 and 1901, legendary French Impressionist painter Claude Monet produced over 100 paintings of London consistently shrouded in fog. Art historians claim this series left a permanent mark on how we perceive the capital city, inevitably layered in obscuring and dramatic mist. See some of the paintings and read more here.

The intellectual architect of the Monroe Doctrine was Secretary of State John Quincy Adams, not Monroe

Adams, the main foreign relations authority in the Cabinet, shaped the key parts of the Monroe Doctrine speech. He advocated for a unilateral American declaration to warn European powers, rejecting a potential joint statement with Britain favored by some Cabinet members.

Simone de Beauvoir's lone play has mostly been overlooked

Although primarily known as a philosopher, Beauvoir wrote the play "The Useless Mouths," which debuted in Paris in November 1945. The work is about a government allowing "useless" citizens—women, children, the elderly—to starve during a food shortage. While it's not widely staged, some Beauvoir scholars believe it's a significant text that explores many of the existential themes she explores in her other work.

A part-time teacher in Maryland kickstarted Title IX

When applying for a fill-time position at the University of Maryland, Bernice Sandler was told she "came on too strong" for a woman, leading her to research legal protections against gender discrimination. She found a 1967 Executive Order prohibiting federally funded institutions from discrimination and used it as the basis for a class action lawsuit that would eventually lead to Title IX.

How George Gallup changed political polling forever

Straw polls had been used in the 19th century, but it wasn't until George Gallup's use of random sampling in 1936 that the art became a science.

A vending machine run with Anthropic's AI went out of business after it was convinced to give away items for free and sell a video game console.

Play the role of a student in a game where you try to navigate college and remain debt-free, selecting different income levels, high school experience, race, ethnicity, and more.

After the Boston Tea Party, colonists switched to coffee, which became the main morning drink for revolutionaries.

The story of Dollree Mapp, whose legal challenge over her 1957 conviction for possessing "obscene material" led to a major strengthening of the Fourth Amendment

Famed poet TS Eliot rejected the manuscript for George Orwell's political fable 'Animal Farm,' writing that its criticism of authoritarianism was not 'the right point of view.'

English mathematician Ada Lovelace wrote the first computer algorithm a century before computers existed and hypothesized that computing devices would one day be able to compose music—foreseeing the generative AI systems of today.

The first horror movie is believed to be George Méliès' 1986 short 'The Haunted Castle,' which pioneered the use of special effects

Gerrymandering works through two techniques: cracking opposing voters across districts to dilute their power, and packing them into a few to waste their votes in lopsided majorities.

The power and influence of the American presidency have expanded significantly over time—far beyond what the founders envisioned.

Long before Major League Baseball began allowing instant replay for balls and strikes, an umpire reluctantly used the technology to determine whether a hit was a home run, a move that inadvertently ushered in a new era for the sport.

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

Watch this video that uses Lego bricks to explain how venture capital works.

Clever Hans was a 1900s horse that was believed to be able to solve math equations, tell time, and read and comprehend German, until a psychology student discovered how he got his answers.

Mark Twain spent decades feuding with the US Postal Service, convinced its costs and regulations were bureaucratic overreach.

The Mona Lisa's celebrity status and repeated restorations have obscured what made the painting so revolutionary for its time

Mid-century modern graphic designers, known for their bright colors and bold lines in advertising, also found success with children's books.

The hormonal disorder PCOS was renamed PMOS in 2026, a move designed to improve care and research by shifting the focus to the hormonal causes of this condition that affects 1 in 8 women.

Sears sold DIY house kits starting at $600 in its famous catalog from 1908 through the 1940s, resulting in roughly 10,000 'Sears and Roebuck houses' being built.

In 1939, baseball star Lou Gehrig delivered his inspirational 'Luckiest Man' speech after retiring due to the health condition that now bears his name.

Memecoins are a type of cryptocurrency—a form of digital currency with a wide variety of uses—created around popular 'memes,' or viral internet jokes.

Stanford built a Google Maps for the Roman Empire, revealing how much it cost to travel in the ancient world

Search a massive database of over 4 decades of clues from the TV quiz show 'Jeopardy!'

Poison ivy was sent to Europe in the 1600s as an exotic, ornamental oddity, where it was purposefully grown in the English royal gardens at Kew, the Faculty of Medicine in Paris, and a few other locations.

One disco producer saw 'Star Wars' four times on its opening weekend and was so inspired that he recorded the album 'Star Wars and Other Intergalactic Funk,' which produced a chart-topping single.