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Economic history helps us understand the scope to which financial decisions can transform the ways of the earth. These decisions are essential for us because they may have made a notable difference before. So we can study from them and ensure that when we face the same situations once again, we are ready in a better way to face such situations. In case the world was to go through a financial crisis and, rather than learning from it, allow it to fade away in oblivion as people struggled into better financial lives, then we'd learn little or nothing and history, which is bound to repeat itself, may cause the same amount of have difficulty inside our lives. That is why economic history performs an important role inside our lives and understanding it can help us lead a better life. Knowing what will come in advance and taking tips from our monetary history to help us arrange for the future in advance making ourselves stronger in the areas of business and financing so that the world can develop into a better master of financing and have a better control over the problem if things were to replicate. Through this reserve we will cover the different stages in economic history and the impact it is wearing our lives.