- Ticker-tape parade
A ticker-tape parade is a
parade event held in a downtown urban setting, allowing the jettison of large amounts of shredded paper products from nearbyoffice buildings onto the parade route, creating a triumphal effect by the snowstorm-like flurry.The term originated in
New York City after a spontaneous celebration held onOctober 29 ,1886 during the dedication of theStatue 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. Nowadays, the paper products are largely waste office paper that have been cut using conventionalpaper shredder s. The city also distributes paperconfetti . [Matuszewski, Erik. " [http://www.bloomberg.com/apps/news?pid=20601082&sid=aS_8uIS57CzU Giants, New York Set for First Ticker-Tape Parade Since 2000] ." Bloomberg,5 February 2008.]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, andCharles Lindbergh 's trans-Atlantic flight. FollowingWorld War II , several ticker tape parades were given in honor of victorious generals and admirals, including GeneralDwight D. Eisenhower and AdmiralChester Nimitz . The largest was given forWorld War II andKorean War GeneralDouglas MacArthur in 1951.Through the 1950s, ticker-tape parades were commonly given to any visiting head of state, such as
Habib Bourguiba representing the fight over colonialism. In the 1960s, following the assassination of John F. Kennedy, they became increasingly rare.They are generally reserved now for space exploration triumphs, military honors and sports championships. The section of lower Broadway through the Financial District that serves as the parade route for these events is colloquially called the "
Canyon of Heroes ". Lower Broadway in New York City has plaques in the sidewalk at regular intervals to celebrate each of the city's ticker-tape parades.ee also
*
List of ticker-tape parades in New York City References
Wikimedia Foundation. 2010.