Michael Faraday discovered electromagnetic induction in his honor the law was created. The process consists of placing a conductor in a changing magnetic field which causes the production of a voltage. This process induces the electrical current.
“Electromagnetic or magnetic induction is the production of an electromotive force (i.e., voltage) across an electrical conductor due to its dynamic interaction with a magnetic field.
Michael Faraday is generally credited with the discovery of induction in 1831, and James Clerk Maxwell mathematically described it as Faraday’s law of induction. Lenz’s law describes the direction of the induced field. Faraday’s law was later generalized to become the Maxwell-Faraday equation, one of the four Maxwell’s equations in James Clerk Maxwell’s theory of electromagnetism.
Electromagnetic induction has found many applications in technology, including electrical components such as inductors and transformers, and devices such as electric motors and generators. Electromagnetic induction was first discovered by Michael Faraday, who made his discovery public in 1831. It was discovered independently by Joseph Henry in 1832.
In Faraday’s first experimental demonstration (August 29, 1831), he wrapped two wires around opposite sides of an iron ring or “torus” (an arrangement similar to a modern toroidal transformer). Based on his understanding of electromagnets, he expected that, when current started to flow in one wire, a sort of wave would travel through the ring and cause some electrical effect on the opposite side. He plugged one wire into a galvanometer and watched it as he connected the other wire to a battery. He saw a transient current, which he called a “wave of electricity” when he connected the wire to the battery and another when he disconnected it. This induction was due to the change in magnetic flux that occurred when the battery was connected and disconnected. Within two months, Faraday found several other manifestations of electromagnetic induction. For example, he saw transient currents when he quickly slid a bar magnet in and out of a coil of wires, and he generated a steady (DC) current by rotating a copper disk near the bar magnet with a sliding electrical lead” https://en.wikipedia.org/wiki/Electromagnetic_induction