I'm 43.
I had a wonderful primary school teacher who encouraged us to learn and recite vast screeds of information (poetry, monologues from plays, times tables, lists of country capitals etc).
It taught me speed reading and retention and was a very useful skill at university.
More than 30 years later, I can still recite huge swathes of poetry by heart and, more importantly, I can consume a large amount of info quickly and reproduce it at will, which is very useful for presentations at work.
Rote learning, alongside critical thinking skills, has its part.