Rectangle-shaped sleeping bags go as much back as the late 1800's when a mail order catalog pioneer Pryce Pryce-Jones came up with the suggestion to attach 2 rectangular carpets together with ties. He is taken into consideration to be the innovator of today's contemporary rectangular sleeping bag design. After the war he had several of these bags still left as well as made a decision to market them to the public.
There are primarily two types of sleeping bags. One is the mommy bag and the various other is the "traditional" rectangle-shaped resting bag. Currently mind you, ain't nothing incorrect with old school in any way. It might be your preference once you uncover just what it's like verses the mommy bag.
The other sacrifice is the size or thickness of the bag. A mummy sleeping bag essentially will certainly be much smaller sized for bring around which is why it is a preference for many backpackers/hikers. The rectangular resting bag isn't as small yet because it's not common to be lugging it, apart from somewhere in a vehicle while getting to your intended location, the bulkiness of the bag is not as large a problem.