What is Historical Fiction? I suppose you might conclude that it is fiction which recreates events and personages taken from (or extrapolated from) history. So Historical Fiction specifically deals with recreating the past. But it’s Fiction so the author is free to modify the facts, rearrange the events, create more literary characters, etc. However, If we leave out those forms of speculative fiction that deal with future possibilities, is it unreasonable to see almost all fiction as being historical?