Knowing your blood type, and that of your relatives, and especially your partner's and children's is very important not only in case of emergencies for which blood transfusions are needed, but also, as it was my case, to prevent a maternal reaction from an Rh- mother such as myself towards an Rh+ fetus.
Before blood types were known, when blood was supposed to be the same for everybody, fatal blood transfusions occurred. The Austrian biologist and physician Karl Landsteiner discovered the ABO human blood groups in 1901 and proposed their classification and transfusion-compatible groups, all this the body of work for which he received in 1930 the Nobel Prize in Physiology or Medicine. Later on his work with Alexander Wiener led to the identification of the Rhesus (Rh) factor in 1937 which was first discovered in Rhesus monkeys, where the name comes from.
Red blood cells (RBCs), the blood component which transports oxygen and gives blood its red color (as opposed to white blood cells which are also in blood and are an important part of the immune system that fights infection) also carry "antigens" on their cell surface, exposed towards the outside of the cell and facing the liquid (plasma) in which "antibodies" may be found. Specific antigens are bound by specific antibodies. The latter are usually made by our bodies in response to a "foreign" substance (viruses and bacteria are good examples) and by binding to them at specific spots (antigenic) they can signal and trigger an immune response in which complex mechanisms bring about specialized cells that can "clean up" our bodies from infectious agents. The antigens present on the surface of our RBCs that determine our blood type are: A and B antigens (from the ABO group, group O has no antigens present) and the Rh factor.
Throughout history, blood types have been associated with certain personality types, as well as special diets that are supposed to be good for individuals of a given blood type. There is no real scientific evidence to support this, although there are studies showing higher or lower risk for people with specific blood types to suffer from certain diseases or cancers.
So once you know your blood type, meaning you know what antigens your RBCs present, you also know which antibodies your blood could make in the presence of the antigens your RBCs do not present on their surface. This is shown in the figure below.
Nowadays, pregnant Rh-negative women like me are given something called a "RhoGAM" shot at different times during pregnancy (as well as after any procedure that involves risk of exposure to Rh-positive fetal blood such as amniocentesis and also after a miscarriage or any bleeding) and right after delivery if the baby is confirmed to be Rh-positive. This preparation (shot) which is given intramuscularly, can actually prevent the so called "Rhesus disease" or "hemolytic disease of the newborn". RhoGAM is made from donated plasma from Rh-negative people who have been exposed to Rh-positive blood and have therefore produced anti-Rh antibodies (RhoGAM is also called Rh immune globulin) after being sensitized. One such donor is an amazing Australian man who has given blood over 1000 times and is estimated to have saved over two million unborn babies- see him in a 2 min video at:
http://www.youtube.com/watch?v=OMe4WSzmFnQ
The anti-Rh antibodies delivered with the RhoGAM shot will destroy any RBCs containing Rh-positive antigens in the maternal blood and thus prevent any adverse reaction. A shock for me was to find out that every single time I got the RhoGAM shot (which was not cheap!) it was NOT covered by my health insurance, which covered everything else related to pregnancy and delivery. As I live now in Asia, it is good to be aware that Rh-negative blood is very rare (about 1%) among Asians, people of African-American descent and native Americans, whereas it is over 15% for Caucasians and over 20% in particular for for Basque people.
So..... if you still don't know which type your blood is, you better go find out :-)