Monday, October 29, 2012

Witches in Paris, First the Ticker Tape - then the Crash(s), and The Witch Hunt Cocktail

To start off Halloween week:

On this day in 1390, the first trial for witchcraft begins in Paris leading to the death of three people.

The Historical Inebriant: The Witch Hunt* Cocktail


1 oz Scotch
1/2 oz dry vermouth
1/4 oz Strega herbal liqueur
1 oz lemonade
Build in an old-fashioned glass 3/4 full of crushed ice. Stir.
*The drink is referred to as The Witch Hunt because of the use of Strega (meaning witch in Italian).


On this day in 1886, during celebrations marking the dedication of the Statue of Liberty in New York City, office workers begin throwing ticker tape out of office windows and into the streets. (Ticker tape is the paper output of ticker tape machines, used in brokerage offices to provide updated stock market quotes)

 Thus was born the first ever "ticker-tape" parade. 


On this day in 1929, the New York Stock Exchange crashes in what will be called "Black Tuesday" and would mark the beginning the Great Depression.

Editors Note:

This should not be confused with the "Black Friday", September 24, 1869, where the price of gold reached $162, then fell to $133 within a few minutes, causing stock prices to fall 20%.

Nor should it be confused with the "Black Monday" of October 19, 1987 when The Dow Industrials’ took a single day 508-point plunge.

I don't think anyone would confuse it with the crash of 2:45pm on Thursday May 6, 2010, or the "Flash Crash" where the market fell almost 1,000 points in a matter of minutes.

But I just wanted to be clear.

Not that I'm on a Steely Dan kick of late, but there is a reason this song is titled "Black Friday"

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