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Question:
What was the origin of a New York “ticker tape parade”?
Answer:
Before the electronic age, ticker tape was a thin paper ribbon of information fed mechanically to the brokers on Wall Street. At day’s end, floors were ankle deep with ticker tape. On October 28, 1886, the elaborate dedication of the Statue of Liberty was visible from the brokers’ windows, causing such excitement that they began tossing ticker tape out the windows. That’s how the ticker tape parade became a New York tradition.
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