text: It was first shown by Faraday that optical activity (the Faraday effect) could be induced in matter by a longitudinal magnetic field (a field in the direction of light propagation). The development of MCD really began in the 1930s when a quantum mechanical theory of MOR (magnetic optical rotatory dispersion) in regions outside absorption bands was formulated. The expansion of the theory to include MCD and MOR effects in the region of absorptions, which were referred to as "anomalous dispersions" was developed soon thereafter. There was, however, little effort made to refine MCD as a modern spectroscopic technique until the early 1960s. Since that time there have been numerous studies of MCD spectra for a very large variety of samples, including stable molecules in solutions, in isotropic solids, and in the gas phase, as well as unstable molecules entrapped in noble gas matrices. More recently, MCD has found useful application in the study of biologically important systems including metalloenzymes and proteins containing metal centers.