Deep learning stands at the forefront of contemporary machine learning techniques and is well-known for its outstanding predictive accuracy, adaptability to data variability, and remarkable ability to generalize across diverse domains. These attributes have spurred rapid progress and the emergence of novel iterations within the discipline. Yet, this swift evolution often obscures the foundational breakthroughs, with even trailblazing researchers at risk of fading into obscurity despite their seminal contributions. This study aims to provide a historical narrative of deep learning, tracing its origins from the cybernetic era to its current state-of-the-art status. We critically examine the contributions of individual pioneer scholars who have profoundly influenced the development of deep neural networks under the taxonomy of supervised, unsupervised, and reinforcement learning. Furthermore, the study also discusses the trending deep neural network architectures, explaining their operational principles, confronting associated challenges, exploring real-world applications, and outlining potential future trajectories that could offer a starting point for aspiring researchers in the field.