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There have been numerous attempts to explain the emergence of this expression, which swept into popular use in the US during the mid 19th century.
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Most are pure speculation.
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It doesn't seem at all likely from linguistic and historical evidence that it finds its origins in any of the following:
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The Scots expression 'och aye', the Greek 'ola kala' meaning 'it is good'.
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The Choctaw Indian'oke' or 'okeh' meaning 'it is so'.
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The French 'aux Cayes' which means from 'from Cayes', a port in Haiti with a reputation for good rum.
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'au quai' meaning 'to the quay', supposedly used by French-speaking dockers.
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Or even the initials of a railway freight agent called Obediah Kelly, who is said to have written them on documents he had checked.
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A more likely explanation is that the term originated as an abbreviation of 'orl korrekt', a jokey misspelling of 'all correct', which was current in the US in the 1830s.
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The oldest known written references to 'OK' result from its use as a slogan by the Democratic Party during the American presidential election of 1840.
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Their candidate, President Martin Van Buren was nicknamed Old Kinderhook, after his birthplace in New York State, and his supporters formed the 'OK club'.
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This undoubtedly helped popularize the term, although it did not get president Van Buren re-elected.
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The only other theory with at least a degree of plausibility, is that the term originated amongst black slaves of West African origin and represents a word meaning 'all right, yes indeed' in various West African languages.
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Unfortunately, historical evidence enabling the origin of this expression to be finally and firmly established, is hard to unearth.