Monopoly Jr Rules: A Guide to Winning

In the world of Monopoly, there are many rules that govern gameplay. But did you know that the Hunt brothers, a family of oil tycoons, attempted to corner the silver market in real life? In this article, we'll explore how their actions led to a global economic crisis and learn more about the game of Monopoly Jr.

In 1979, Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt, three brothers from Texas, started buying up large amounts of silver futures contracts. At the time, they claimed it was just a hedge against the volatility of the US economy. However, their actions had unintended consequences. The market responded by driving up the price of silver, making it increasingly difficult for others to buy.

As the Hunt brothers continued to purchase more and more silver, the market became scarcer. Supply and demand imbalances led to a sharp increase in prices. By 1980, the price of an ounce of silver had risen from $6.54 to $38.30 – an astonishing increase of 485%.

The Hunt brothers' actions were met with resistance by the COMEX (Commodity Exchange), which introduced 'Silver Rule 7' to counteract their monopoly attempt. The rule allowed for the forced liquidation of long positions, effectively ending the Hunt brothers' silver empire.

On March 27, 1980, a day known as 'Silver Thursday,' the silver market crashed, wiping out billions of dollars in value. The Hunt brothers were left with massive losses, and their reputation was tarnished.

The Monopoly Jr game is based on these events, where players take on the role of tycoons trying to corner the market by buying up properties, building houses, and collecting rent. The game teaches children important economic lessons about supply and demand, risk management, and strategic decision-making.

In conclusion, the Hunt brothers' attempt to corner the silver market may have been a cautionary tale for investors, but it also serves as an entertaining backstory for the popular board game Monopoly Jr. So next time you play, remember that even in a game, economic decisions can have far-reaching consequences!

Monopoly jr rules