This document discusses different types of magnets including natural and artificial magnets. Natural magnets are obtained directly from nature while artificial magnets are prepared by humans using elements like iron, cobalt, or nickel. It also describes the general properties of magnets including that they have two poles (north and south poles) and opposite poles attract while like poles repel. Applications of magnetism are discussed such as maglev trains which use magnetic levitation to move fast without wheels touching rails. The document also explains how the Earth itself acts as a giant magnet and was discovered to have magnetic poles by William Gilbert, known as the "Father of Magnetism".