The document discusses the history and components of anti-lock braking systems (ABS). It notes that ABS was first developed in the 1920s and was introduced on production vehicles in the 1970s. The key components of ABS are wheel speed sensors, an electronic control module, hydraulic valves and pumps. ABS uses these components to rapidly modulate brake pressure to prevent wheel lockup and maintain vehicle control during hard braking on slippery surfaces. Advancements to ABS now include traction control and electronic stability control systems.