If you don't know the story of Job, let me tell you that he lost everything he had in the matter of a very short time. He lost 7,000 sheep, 3,000 camels, 500 yoke of oxen, 500 female donkeys, many servants, but also ALL of his children - seven sons and three daughters. After 35-40 years of marriage, Job's entire family, except for his wife, was wiped out.
The verse above shows Job's response. He blesses the name of the Lord! And God never did explain the answers to WHY all of it happened.
People noticed how he handled his situation. Who could bless the Lord after all that had happened? Job could, because He knew that God knew the way he took and it was not without purpose. "Trust in the Lord with all your heart; lean not on your understanding. In all your ways acknowledge Him and He will direct your path" (Prov. 3:5-6).
May we all handle trials like Job and trust that He indeed knows the way we take!