"As the first federal holiday to honor an American citizen, the holiday was celebrated on [George] Washington's actual birthday, February 22. On January 1, 1971 the federal holiday was shifted to the third Monday in February…By the mid-1980s, with a push from advertisers, the term "Presidents' Day" began it's public appearance. The theme has expanded the focus of the holiday to honor another president born in February, Abraham Lincoln, and often other Presidents of the United States. …Lincoln's birthday, February 12, was never a federal holiday…" -Wikipedia
On this day, as on Veterans' Day, it's also a time to celebrate to people who help protect and serve the United States.
Information from: http://en.wikipedia.org/wiki/Washington's_Birthday
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