Page History

A fresh Magnolia installation does not have versioned content. Demo content is bootstrapped and immediately marked as "published". You see a green publication status icon but no publication has actually happened.

 Versioning is functionally usable only on the admin instance, where you can use it to restore and republish an older version of some content. In case you want wanted to let the visitors of your site browse through and see historic versions of some content, for example, a terms and conditions page, you would have to develop custom code for this feature.