The document describes open and closed loop hydraulic systems used to raise and lower loads using hydraulic cylinders. It explains how a pressure regulating valve is used to prevent excessive pressure build up when the pump is deadheaded. It provides details on the components and operation of hydraulic cylinders, including the cylinder barrel, piston, piston rod, seals, and different cylinder designs like tie rod and welded body cylinders. The pressure regulating valve helps maintain a safe pressure level between its cracking and full flow pressures.