In fact, the economic history of any period is an important branch of history and its understanding is absolutely essential for the proper understanding of history of any period. As the activities of a man in society are very closely related with the economic matters, the historian of any period must possess at least a rudimentary knowledge of the economics. History is also closely related to Economics. Acton has correctly pointed out, “the science of politics is the one science that is deposited by the stream of history like grains of gold in the sand of a river.” History and Economics : History is very helpful to politics because the political aspects is a part of the whole range of activity recorded by historian and knowledge of history would enable the politicians to know the politics better and play their role effectively. It deals with the causes of a war, strategy and war tactics, war weapons etc. The military history is an important chapter in political history where in wars, battles, campaigns and conquests figures very prominently. The issue like-balance of power, cold war, international peace, disarmament have assumed great importance in recent times.
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