Not to detract from the OP, but it used to be called Armistice Day to commemorate the end of the war. Somewhere it got turned around into commemorating people who served. Nifty little trick if you don't want war to end.
Some point out that it was a commemoration of the war to end all wars, that there wouldn't be any more wars. Of course, that didn't work out. And, you can't have a holiday that reminds people that government kept right on getting into wars.
So, lets do both. Remember those who served. And, remember that it was the end of a terrible and unnecessary war that was supposed to be the last one; but government kept right on getting into wars, killing more, adding more to the list for remembrance, a list that really, really needs to be a lot shorter.