The federal holiday that falls on November 11 of each year was first recognized as Armistice Day in 1919, marking the date that Germany and the allies signed an agreement in 1918 to end the hostilities of World War I. President Woodrow Wilson said the day would honor those who died in the service of the country and with gratitude for the victory.
Initially, when the party was instituted in 1919 by President Woodrow Wilson, it bore the name of Armistice Day to celebrate the armistice of Germany which effectively decreed the end of the First World War and was signed at 11 am on 11 November 1918. The name changed on June 1, 1954, to honor all soldiers who have served their country during all wars.
On November 11, Veterans’ Day is celebrated, a celebration of veterans and fallen from all wars: it is both a federal holiday and a celebration of all States. The party was established to thank the military and acknowledge the contribution they have made to the security of the United States.
Although the holiday is both federal and state, in most of the United States, only public offices and banks are closed on November 11; some schools and almost all shops remain open regularly, also because in November (4th Thursday), there is the Thanksgiving holiday during which almost all shops close for 4 days.