The subject of the inquiry, "Veterans Day," is a proper noun. It designates a specific public observance in the United States that is officially recognized as a federal holiday. This status means that non-essential federal government offices are closed, and federal employees are granted a paid day off. The holiday is observed annually on November 11th, regardless of the day of the week on which it falls.
The legal basis for this observance dates back to 1938 when an Act of Congress made November 11th a legal holiday, originally known as "Armistice Day," to commemorate the end of World War I. In 1954, following World War II and the Korean War, Congress amended the act by replacing "Armistice" with "Veterans" to honor American veterans of all wars. While the Uniform Monday Holiday Act of 1968 briefly moved the observance to the fourth Monday in October starting in 1971, its profound historical significance led to its return to the fixed date of November 11th in 1978.
As a federal holiday, institutions such as the U.S. Postal Service and federal banks are closed on this day. However, its observance at the state and local levels can vary. While all states also recognize the day, the decision for private businesses, schools, and local governments to close is made at their own discretion. This distinction often results in many businesses and educational institutions remaining open. The core purpose of the observance remains consistent: to honor and thank all individuals who have served in the United States Armed Forces.