The study of history is important because it allows one to make more sense of the current world. People can look at past economic and cultural trends and be able to offer reasonable predictions of what will happen next in today's world.
If we want to know how and why our world is the way it is today, we have to look to history for answers. People often say that “history repeats itself,” but if we study the successes and failures of the past, we may be able to learn from our mistakes and avoid repeating them in the future.