Story telling has been an ancient tradition in many cultures. Each civilization has a story to tell of its own. There have been oral traditions followed by written documents. It is indisputable that a story carries with it the genealogy, wisdom and ethos of a particular area or tribe. But it also carries the baggage of feelings, emotions and happenings which strike a chord with audience which help purge destructive feelings which would otherwise harm human psyche. In this respect, they act as powerful healing tools. They work silently, but surely. In this paper, an attempt will be made to rediscover the therapeutic values of stories since ancient times till now. Stories offer a rich repertoire of knowledge of things and people and offer solutions for many problems in life or at least give an understanding of the problems and help face them bravely. Examples are taken from oldest civilizations till date to highlight the effect of stories on human development.