Carl Becker (1873-1945) was one of the great American historians of the first half of the twentieth century, so I believe he had a good handle on this topic:
“The value of history is, indeed, not scientific but moral: by liberalizing the mind, by deepening the sympathies, by fortifying the will, it enables us to control, not society, but ourselves - a much more important thing; it prepares us to live more”
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