The Importance of History

Depression

Billionaire Sir John Templeton started his investment career during the Great Depression. A time when the average man was panicking, selling stocks, or jumping off buildings, Templeton was buying shares from all of the NYSE listed companies helping to make him one of the richest men in the United States. A lesson to be learned.

After the American Civil War, the southern states were devastated. Cities, farms, and infrastructure was obliterated. To make matters worse, the economy was non-existent and Confederate currency worthless. Everything had to be rebuilt: Legislatures, state constitutions, buildings, not to mention families, race relations, and society as a whole. While the Union was victorious, it would take decades for the United States to truly become a unified country again. A lesson to be learned.

If another major economic depression or civil war occurs during your life on this planet, will you be prepared? If the currency you use became worthless, what would you do? Would you have another form of currency or asset you could use to buy necessities? Would you have the skills to survive through years or decades of hardship? Or, do you think such calamities are just in the past and will never happen again?

Whether the future is prosperous and peaceful, or impoverished and violent, having a deep understanding of the past can help you better understand the world and prepare you for the unknowable. As Mark Twain famously stated, “History never repeats itself but it rhymes.” By understanding these rhymes (or patterns), you can make your future better.

That’s not it though. By understanding history, you will understand what is happening today and be able to take better informed positions on current issues. For instance, by understanding the history of slavery and its effects on American society can help you empathize with the Black Lives Matter movement. Whether you support it or think it is goes too far, by truly understanding the history of race relations in America, you can defend your position with confidence. Furthermore, tariffs and trade wars are not a new phenomenon. Read about Alexander Hamilton’s tariffs under George Washington’s presidency or the Smoot–Hawley Tariff before the Great Depression, then decide if you agree a trade war with China is good for the economy. If you don’t understand the past, you will not be able to articulate your view intelligently.

Khronology believes understanding history is essential for human development; we aim to make learning about past events not only interesting and easy, but more importantly, useful. We make the learning process easy by creating content for visual and auditory learners, and we present it in chronological order; hence, the name Khronology (khronos = time in ancient Greek + Onos = knowledge). By developing the ability to put historical events in chronological order helps learners see where transformative events took place within the big picture of life.

Visit our documentaries page to access all the documentaries which will continuously be updated as we build our library. Here we present unbiased content on major and minor events that have shaped society. Of course, the videos are ordered in a chronological and easy to follow format.

Also, visit our blog page to read commentary on current events and how they fit in history. Some articles compare events in the past to what is happening today, while others offer varying opinions. If a blog is an opinion (i.e. biased), it will be labeled as so. We encourage you to comment and respectively offer your point of view; help us build a community and share ideas.

One last note, content on this website concentrates on American history; however, we plan to expand and create a library of resources on the history of different countries as well. If you are an expert on the history of your country and would like to write some blogs or create videos, please contact us at Khronology.