What was the occasion for the first ticker tape parade?
Statue of Liberty’s dedication
The first ticker-tape parade was in 1886, marking the dedication of the Statue of Liberty. On October 28, 1886, as the parade to honor of the dedication of the Statue of Liberty marched up Broadway, employees spontaneously threw ticker tape out of their office windows to join in the celebration, giving the tradition its name.
This unusual way to celebrate was inspired by the stock ticker, a machine that that tracked stock information. When Wall Street realized that throwing these ribbons of paper out of the window was a fun way to celebrate, a tradition was born. Since 1886, New York City has thrown more than 200 ticker-tape parades honoring a wide range of groups and individuals.
On This Day: Statue of Liberty Dedicated in New York Harbor. On Oct. 28, 1886, the Statue of Liberty, a gift to the United States from the people of France, was officially unveiled to the public by President Grover Cleveland.