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By the end of the war, Fatherâs Day may not have been a federal holiday, but it was a national institution. In 1972, in the middle of a hard-fought presidential re-election campaign, Richard Nixon signed a proclamation making Fatherâs Day a federal holiday at last. Today, economists estimate that Americans spend more than $1 billion each year on Fatherâs Day gifts.
However, some scholars opine that Father's Day history is much older than we actually believe it to be. They say that the custom of honoring dad's on a special day is over 4,000 years old. There are a few more claims about the Father's Day origin about which we will learn in this page. Earliest History of Father's Day. Scholars believe that the origin of Father's Day is not a latest phenomenon, as many believe it to be.