This is known as Remembrance Day in the UK and Commonwealth countries (and as Armistice Day in other countries).
There is a (usually two minute) silence held at 11am (the 11th hour of the 11th day of the 11th month) which in 1918 marked the formal ending of World War 1.
The silence is held as a sign of respect for the approx. 20 million people who died in that war and those who lost their lives in conflicts since then.
In the UK it is traditional to read the fourth stanza of For The Fallen (1914) by Laurence Binyon:
"They shall grow not old, as we that are left grow old:
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them."
The final line is commonly repeated in response by those listening as an affirmation of their duty of remembrance.
Veterans Day is always observed on November 11th. This is because the cease-fire, or armistice, of World War I occurred at the 11th hour of the 11th day of the 11th month of 1918 French time. Veterans Day was originally called Armistice Day for this reason. This date was not the end of WWI. That did not officially happen until June 28, 1919 with the signing of the Treaty of Versailles. Veterans Day is solely a US holiday. Many other nations have a similar holiday also on November 11th but with different names. In Australia, Canada and Great Britain it is called Remembrance Day. In Australia and Canada it is, again, always on November 11th. In Great Britain it is on the Sunday nearest to November 11th.
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On June 10, 1940 Benito Mussolini declared war on France and Great Britain. He was the dictator of Italy.
In the US, Veterans Day was originally called "Armistice Day", for it was on the 11th hour of the 11th day of the 11th month that the guns fell silent ending WWI in 1918.
The guns fell silent at 11am on the 11th November 1918. Britain comemorates this day every year with a ceremony at every village and town war memorial and at the National Cenotaph in Whitehall, London.
11th November
Veterans Day is always observed on November 11th. This is because the cease-fire, or armistice, of World War I occurred at the 11th hour of the 11th day of the 11th month of 1918 French time. Veterans Day was originally called Armistice Day for this reason. This date was not the end of WWI. That did not officially happen until June 28, 1919 with the signing of the Treaty of Versailles. Veterans Day is solely a US holiday. Many other nations have a similar holiday also on November 11th but with different names. In Australia, Canada and Great Britain it is called Remembrance Day. In Australia and Canada it is, again, always on November 11th. In Great Britain it is on the Sunday nearest to November 11th.
The World War 1 armistice was signed at 11 AM on the 11th day of the 11th month, November 11, 1918.
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November. The 11th month of the year.
November 11th
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November 11th 1948 was a Thursday.
The Federal Holiday is observed on the following Monday. Veterans Day is always the 11th of November in the US and Canada. There was an attempt to change it to the 4th Monday, but that failed due to the historical significance of the 11th.
11th November 1925 was a Wednesday.
11th November 1990 was a Sunday.