Psychology has evolved from early philosophers' speculations to a more scientific discipline. Key developments include Wundt establishing the first psychology laboratory in the late 1800s and schools of thought like structuralism, functionalism, psychoanalytic, behaviorism, and cognitive psychology emerging. Today, psychology is made up of many subdisciplines that study topics like perception, memory, social influences, and more using scientific approaches while still addressing longstanding questions about human nature and behavior.