The criticism of new historicism is a kind of deconstruction and subversion to the traditional conception of history and text. Its core lies in advocating the text of the history and the history of the text. The diversity in the academic origin of the criticism of new historicism is a kind of theory of the fragmentation collage. This paper deeply studied the major points of the criticism of new historicism and analyzed the important key words. Meanwhile, it discussed its academic origin and finally pointed out its limitations.