The past.
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To understand world history you must realize that the earth is a living entity. The history of this world is interconnected by all that has happened before. To truly understand history, your mind has to absorb all of the pertinent facts of everything that lead up to you.
so that the coming generation may know of what was happening before the arrival of them In order to understand the present, you also must understand the past. You learn by experience, not only your own personal experience, but also the collective experience of the human race.
It is always and unarguably relevant. Unless you understand history, as a series of facts not "interpretations", you will not understand recent events, international relations etc. It also carries powerful warnings of what society generally must strive to avoid repeating. A basic, broad knowledge of History also helps you understand cultural developments such as the Arts, and how people lived their daily lives in past centuries. And of course it is a fascinating subject itself, simply from an academic and social point of view.
It must be true and studied to find that from every point of view it is the truth.
Historical context is the political, social, cultural, and economic setting for a particular idea or event. In order to better understand something in history, we must look at its context--those things which surround it in time and place and which give it its meaning. In this way, we can gain, among other things, a sense of how unique or ordinary an event or idea seems to be in comparison to other events and ideas.