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This is a concise review of physics of the substorm in the magnetotail. It consists of two parts.The first part summarizes historical developments in the early days of the space age (1960-1975) when the basic concepts such as magnetotail and reconnection were established and the leading model of the substorm was introduced. The second part is an overview of the research conducted in recent years (1995-2010) when very significant advances have been achieved in understanding the substorm physics by virtue of several major satellites missions that addressed the magnetotail physics intensively.