Web Reference: Apr 25, 2025 · In 1933, Charles B. Darrow of Germantown, Pennsylvania, invented the Monopoly board game during the Great Depression. Despite being unemployed at the time, Darrow created the game to entertain his friends and loved ones using oilcloth as a material. The most likely explanation is that people confuse the features of Rich Uncle Pennybags and Mr. Peanut, the Planters’ brand icon. Both characters wear top hats, but only one of them wears a monocle (and only one of them is naked, but that’s a controversy for another article). In 1999, Rich Uncle Pennybags was renamed Mr. Monopoly. That year, a Monopoly Jr. CD-ROM game was released in cereal boxes as part of a General Mills promotion. It introduced Mr. Monopoly's niece and nephew, Sandy and Andy. [citation needed]
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