How did Monopoly get its name?

Answer:

The board game 'Monopoly' is named after the economic concept of monopoly, the domination of a market by a single seller.

The concept was based on a game by Lizzie J Magie, a Quaker from Virginia. Magie's invention was called the Landlord Game, and was designed to promote her political agenda by demonstrating how rents enrich property owners and impoverish tenants. The properties on Magie's board were for rent only, not acquisition.

Charles Darrow developed his own version of the game, patenting and releasing it in 1935. It was popular as, during the Depression, people enjoyed the idea of a game in which players could make their fortune, accumulate large sums of money and send other players into financial ruin.