This document summarizes key concepts related to magnetism in condensed matter: 1. Magnetism originates from magnetic materials like magnetite, which was the first known magnetic material. It was later discovered that magnetite could make iron magnetic through contact or rubbing. 2. Magnetite was also found to point approximately north when floating on water, leading to its use in early compasses. 3. Materials exhibit different types of magnetism (diamagnetism, paramagnetism, ferro/ferrimagnetism) depending on the arrangement and cancellation of magnetic moments within their atomic or molecular structures. 4. The magnetization of a material depends on both its intrinsic properties and external magnetic fields