In my collection are a few knives made when this country was new. Some of the horn handled knives were made before the percussion cap era and the mountain men. There are some examples of wooden handled knives in the collection made during the 1840's to the Civil War Period of the 1860's. All of these are still perfectly usable and durable with very little handle shrinkage (horn handles have had noticeable shrinkage). This says something about the nature of the old-growth woods they used for knife handles. I much prefer the old-growth materials harvested decades, generations ago, for furniture and archery projects, knife handles, because of minimal shrinkage and cracking.
I have two newer knives (full-tangs) with walnut handles made from an old barn beam. This beam was about 130 - 140-years-old. I have owned these knives for many years and the handles receive no special attention (users). There has been no observable shrinkage with these handles and they are as tough as nails. Too, I have a knife with scales made from an ancient old-growth log raised up from the bottom of one of the Great Lakes. It, too, has had no shrinkage or cracks over the years. BTW, I live in a VERY dry environment where most everything shrinks a bunch. I store my guitars and wooden stocked guns in a room with a humidifier to keep them hydrated.