Magnetism
A very common source of magnetic field found in nature is a dipole, with a "South pole" and a "North pole", terms dating back to the use of magnets as compasses, interacting with the Earth's magnetic field to indicate North and South on the globe. Since opposite ends of magnets are attracted, the north pole of a magnet is attracted to the south pole of another magnet. The Earth's North Magnetic Pole (currently in the Arctic Ocean, north of Canada) is physically a south pole, as it attracts the north pole of a compass.
A magnetic field contains energy, and physical systems move toward configurations with lower energy. When diamagnetic material is placed in a magnetic field, a "magnetic dipole" tends to align itself in opposed polarity to that field, thereby lowering the net field strength. When ferromagnetic material is placed within a magnetic field, the magnetic dipoles align to the applied field, thus expanding the domain walls of the magnetic domains.
Geophysics
The Earth's magnetic field protects the Earth from the deadly solar wind and has long been used for navigation. It originates in the fluid motions of the outer core. The magnetic field in the upper atmosphere gives rise to the auroras.
The Earth's field is roughly like a tilted dipole, but it changes over time (a phenomenon called geomagnetic secular variation). Mostly the geomagnetic pole stays near the geographic pole, but at random intervals averaging 440,000 to a million years or so, the polarity of the Earth's field reverses. These geomagnetic reversals, analyzed within a Geomagnetic Polarity Time Scale, contain 184 polarity intervals in the last 83 million years, with change in frequency over time, with the most recent brief complete reversal of the Laschamp event occurring 41,000 years ago during the last glacial period. Geologists observed geomagnetic reversal recorded in volcanic rocks, through magnetostratigraphy correlation (see natural remanent magnetization) and their signature can be seen as parallel linear magnetic anomaly stripes on the seafloor. These stripes provide quantitative information on seafloor spreading, a part of plate tectonics. They are the basis of magnetostratigraphy, which correlates magnetic reversals with other stratigraphies to construct geologic time scales. In addition, the magnetization in rocks can be used to measure the motion of continents.