In New York Harbor, President Grover Cleveland dedicates the Statue of Liberty. The first ticker tape parade takes place in New York City when office workers spontaneously throw ticker tape into the streets as the statue is dedicated.
A ticker-tape parade is a parade event held in a built-up urban setting, allowing large amounts of shredded paper (originally actual ticker tape, but now mostly confetti) to be thrown from nearby office buildings onto the parade route, creating a celebratory effect by the snowstorm-like flurry. The concept originates from and is most usually associated with the United States, especially with New York City. Outside the United States, ticker tape is often associated with the 1978 FIFA World Cup held in Argentina.
New York Harbor is at the mouth of the Hudson River where it empties into New York Bay near the East River tidal estuary, and then into the Atlantic Ocean on the east coast of the United States. It is one of the largest natural harbors in the world. Also known as Upper New York Bay, it is enclosed by the New York City boroughs of Manhattan, Brooklyn, and Staten Island and the Hudson County, New Jersey, municipalities of Jersey City and Bayonne. Although the United States Board on Geographic Names does not use the term, New York Harbor has important historical, governmental, commercial, and ecological usages.