A History of Parker Brothers
From Banking to Monopoly
Their favorite game was a game that George invented called Banking. The players borrowed money from the bank and tried to make money by guessing how well they could do. It included one hundred and sixty cards that would foretell their success or failures. The game was well received by his friends and brothers, so well that his older brother, Charles prodded him into publishing Banking. He approached two publishers unsuccessfully, before finally gaining the approval of one. He spent forty dollars on five hundred copies, which netted him a one hundred dollar profit.
In 1883, Charles once again urged his baby brother on. This time he coaxed, the then sixteen year old, George to form his own company. Thus, The George S. Parker Company was established. In 1888, business was going so well for young George, that Charles joined his company. It was that same year that they changed the name to Parker Brothers. Ten years later, their eldest brother came aboard.
The earliest games were developed to help educate and entertain the public. George took responsibility for writing all the rules, developing all the games, promotion, and sales during the early years. This was unheard of, at the time. He felt it was important for people to stay in touch with news of the time, however people did not want to read about bad news. His idea was to keep them informed without them even realizing they were up to date with the times. This was the genius of George S. Parker.
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Takeaways
- The history of Parker Brothers
- Their importance to the nation
- The birth of a dreamer
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