Electromagnetic induction is the process of generating an electric current from a magnetic field. Michael Faraday discovered induction in 1831 through experiments showing that a current was induced in a coil of wire when a magnet was moved in and out of the coil. The magnitude of the induced current depends on factors like the strength of the magnetic field, the speed and direction of motion, and the number of turns in the coil. This principle is applied in electric generators to produce electricity.