commemoration is a formal remembrance.
celebration is a party to celebrate a good happenings.
Seems like celebrating their birth and commemorating their death seems more appropriate?
Because Christmas is a Christian holiday, celebrating the birth of Jesus; while Hanukkah is a Jewish holiday, commemorating a war between the Jews and the Syrian-Greeks, and a miracle that took place in the Jewish Temple.
Celebrating it would open a whole can of worms. Would anyone really think it in good taste to celebrate the systematic wiping out of over 6 million people? Well yes, they would, but those people are, thankfully, in a hateful minority. Commemorating, however, is completely different, though it can be tricky to get the tone right.
The difference between the Queen's Jubilee and her Coronation is that the Jubilee is celebrating a special anniversary of an event or a reign, and the Coronation is celebrating when the Queen first started her reign.
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