In 1886, during a miles-long parade celebrating the dedication of the Statue of Liberty, office workers in lower Manhattan began heaving ticker tape out the windows, creating a magical, blizzard-like landscape.

That tradition stuck. Today that particular corridor of Broadway -- connecting Battery Park to City Hall -- is known as the "Canyon of Heroes" thanks to the popularity of the ticker-tape parade.

While many cities with skyscrapers host ticker-tape parades today, New York was the place they originated in the late 19th century and for a very obvious reason -- the ticker-tape itself, a byproduct of the Financial District which revolutionized the way stocks were traded.

New York has regularly honored athletes, politicians, pilots, kings and queens, astronauts and generals with ticker-tape parades for over 125 years. Today, they're best known as a way to celebrate New York sports teams, the winners of the World Series, the Super Bowl or the Stanley Cup.

The story of the ticker-tape parade is also a story of modern American history in capsule form, celebrating technological achievements, victories in war, cultural milestones and international unity.

Greg and Tom are back in the studio to give you a rundown of New York's greatest parades. And they also pay tribute to those other local heroes -- the Department of Sanitation who cleans up after these festive but messy celebrations.

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Get your tickets for The Gilded Age Unplugged with Greg Young and Carl Raymond (Sept 5 at the Montauk Club) here.