Through this book we will cover the different phases in Economic history and the impact it has on our lives. More
Economic history helps us understand the extent to which financial decisions can change the ways of the world. These decisions are important for us because they have made a difference before. So we can learn from them and ensure that when we face the same situations once again, we are prepared in a better way to face such situations.
If the world was to go through a financial crisis and instead of learning from it, allow it to fade away in oblivion as people struggled into better financial lives, then we would learn nothing and history, which is bound to repeat itself, may cause the same amount of struggle in our lives.
This is why Economic history plays an important role in our lives and understanding it helps us lead a better life. Knowing what can come ahead and taking hints from our economic history to help us plan for the future ahead making ourselves stronger in the fields of business and finance so that the world can grow into a better master of finance and have a better control over the situation if things were to repeat.
Through this book we will cover the different phases in Economic history and the impact it has on our lives.
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