How is that inconvenient? If you're looking to go to back 50 websites you might as well want to open a new tab anyway. Otherwise, right click on the back arrow.
FireFox's shortcut opens a new window of history, with the dates sorted to drop down columns. And the history right click for chome only shows for that tab. I really like the history feature to allow me to stay on the same page while checking/clearing it so.
It's Internet Explorer, proven to be the worst browser out there.
Safari seems pretty terrible too