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TIH: October 28, 1886-The first ticker tape parade takes place in New York City
by francopoli

    The term originated in New York City after a spontaneous celebration held on October 28, 1886, during the dedication of the Statue of Liberty and is still most closely associated with New York City. The term ticker tape originally referred to the use of the paper output of ticker tape machines, which were remotely driven devices used in brokerages to provide updated stock market quotes. The term ticker came from the sound made by the machine as it printed.

    In New York City, ticker tape parades are reserved for special occasions. Soon after the first such parade in 1886, city officials realized the utility of such events and began to hold them on triumphal occasions, such as the return of Theodore Roosevelt from his African safari, Gertrude Ederle swimming the English Channel, and Charles Lindbergh's trans-Atlantic flight. The first individual to be honored with a ticker tape parade was Admiral George Dewey, hero of the battle of Manila Bay, in 1899, when two million people came out to New York City. Following World War II, several ticker tape parades were given in honor of victorious generals and admirals, including General Dwight D. Eisenhower and Admiral Chester Nimitz. Two of the longest and largest ticker tape parades were given for World War II and Korean War General Douglas MacArthur in 1951, after he was relieved of duty by President Harry S. Truman, and for astronaut John Glenn in 1962