This document summarizes the history of scholarly communication and the ongoing crisis in academic publishing. It discusses the emergence of the first scientific journals in the 17th century and the growth of publishing through the 19th and 20th centuries, driven by technological advances and increases in higher education and research funding. It outlines how commercial academic publishers emerged to take on publishing and distribution, leading to steadily rising subscription costs that strained library budgets. The document then covers the development of open access in response, through initiatives like arXiv, SPARC, and advocacy by library organizations. It notes ongoing innovations in publishing models, tools, and libraries' roles amid significant ongoing changes in the field.