Ferromagnets, permanent magnets made from iron, copper and cobalt, were first discovered by the ancient Greeks and Chinese, which they called magnetites and made into compasses by striking the "stones" against a steel point. These compasses were later distributed to maritime travelers such as C. Columbus and M. Polo, and around 1600 A.D. William Gilbert discovered that the entire Earth operated a giant magnet from the inside by observing compasses and how the north needle moved toward the upper axis.[11] of the magnetism to which objects were subject Other terms began to form, such as paramagnetism: which explains the attraction of certain materials by the magnetic source, diamagnetism: certain materials repelling magnetic field lines, and electromagnetism: where conductive materials generate magnetic fields from an induced current. For most of the millennia, classical magnetism has been used to explain most quantifiable phenomena occurring around the world: such as the study of the Earth's magnetic field, lightning, the Northern Lights, power lines, electric motors and other simple magnetic devices or activities. Classical magnetism is essentially based on the Newtonian model; including Biot –Savart law (μ0/4π qvsinθ/(r^2)), Lorentz force (F = qE + qv x B), electric field (F = qE), Coulomb law (E = k(q1q2) /(r ^2)), Ampère's law ( ), Lenz's law Emf= -N(∆Φ/∆t), Maxwell's equations, etc., have all been formulated using electric fields and magnetic and observing how they interacted with each other.[1,12] In 1819, Hans Oersted, similar to what Faraday did, discovered on a...... middle of paper... ...colliders, transformers, magnetic trains, quantum research and many other important areas/uses with magnetism and electric current. If a room temperature superconductor were actually produced and could be widespread, there would be almost no energy loss in power lines, earthquake resistant buildings suspended by magnets, would be able to create quantum computers more efficiently with a better understanding of quasi-paricular interactions, better MRI, NMR, IR and mass machines, production of space elevators, possibility of floating cars, longer and more efficient power lines, energy storage collected during storms electrics, the ability to better research laser capabilities, and the collective assertion that superconductors would open a window in so many areas that would not only improve research, but also improve the world in terms of energy consumption, use, and distribution.