The phrase combines two separate U.S. federal holidays: Memorial Day, which is observed on the last Monday of May, and Veterans Day, which is observed annually on November 11. The core subjects of the query are these two distinct proper nouns, which represent holidays with different historical origins and commemorative purposes.
The fundamental distinction between the two holidays is based on whom they honor. Memorial Day is a day of remembrance for the U.S. military personnel who have died in the line of duty. It is a day to honor those who made the ultimate sacrifice while serving. Veterans Day, conversely, is designated to honor and thank all who have served in the United States Armed Forces, with a particular focus on living veterans. It acknowledges the service and contributions of all veterans, whether in wartime or peacetime.
Therefore, the application of these observances differs significantly. Memorial Day is typically marked by solemn ceremonies, visits to cemeteries, and moments of reflection on the cost of freedom. Veterans Day is generally observed with parades, public speeches, and celebrations aimed at thanking living veterans for their service and sacrifice to the country.