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Studying history enables us to develop better understanding of the world in which we live. Building knowledge and understanding of historical events and trends, especially over the past century, enables us to develop a much greater appreciation for current events today.
They're the passing on of knowledge, memory and experience by word of mouth. They can take the form of anything from folklore, myths and stories passed from person to person, to a formal interview about a particular event with someone that is recorded and kept in an archive as an historical resource.
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