The spinning of the magnet produces “electrical pressure” in the copper wire attached to it. All the stuff in the wire that are effected by the magnet get pushed in one direction down the wire. More wire and bigger magnets have more stuff being pushed. When you turn your toaster on the built up pressure from all this stuff being squeezed in one direction is released through it.
In the case of the toaster it’s released into a relatively tight wire. This built up energy meeting the pressure in the tight wire makes the wire hot (kind of like friction).
The stuff in the wire is/are electrons.
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