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I'd argue that it can - not that it does.But that gives you so much more depth in understanding ‘why’ the world is the way it is.
Tangible benefit to a business? Perhaps. But understanding history is such an underrated source of wisdom in some ways.
Reading, writing a few essays and getting a degree doesn't make one understand the world.
Now some folks will take away an understand too - but based on my experience that doesn't come with the degree - it comes from the individual.
Now some of the best classes I took where History, some of the Religious History classes I took gave me some pretty decent understanding of there world - and later in life I would get to see that unfold in person.
But generally a History Degree at least in practical terms my experience shows it is good for 1) entry to a post grad program 2) High School Teacher. 3) Has Been's who play at being R&D Engineering Directors