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What is Raid 5?
RAID 5- Dedicated Parity Drive: A common implementation of RAID, Level 5 provides block-level striping (similar to Level 0) with a parity disk. If a data disk fails, the parity disk is used to create a replacement.

The first hard drive
The first hard drive was created in 1956. It was called the IBM 305 RAMAC (Random Access Method of Accounting and Control), and was the first magnetic hard disk for data storage. It was designed for what is today called the 'main frame' class of large computers and required 50 24-inch disks to store 5 MB of data, a large amount of data in those days. The cost to lease this device at that time was approximately $35,000 a year.