Momentum is mass times velocity. (However, see below). But you seem to be looking for more than this, so let me suggest that what you really want to know is “Why is momentum important enough to have a name?” I mean, I could take some quantity like mass cubed divided by velocity, and call it ‘Timmervation’ or something, but the name would never catch on, not only because it’s silly but also because nobody really needs a special word for mass cubed divided by velocity – that’s not a quantity that comes up very often, so when it does you can just say “mass cubed divided by velocity”. Whereas, mass times velocity comes up all the time, so it makes sense to give it its own name.
Why does momentum come up all the time? The short answer is that it’s a “conserved quantity” – i.e., the total momentum in a system won’t change, provided that certain conditions (which I’ll get to in a second) are met. Not surprisingly, knowing that certain quantities won’t change over time can be useful in predicting how a system will change over time.
To understand when momentum is conserved, just look at Newton’s second law. It’s usually written F=ma, but a somewhat more general form is “The sum of the forces equals the rate of change in momentum.” Because internal forces cancel out, we can just take this to be the sum of the external forces. (E.g., try jumping into the air and then shoving yourself to one side. It won’t work, because as your hands push your body one way, your body pushes your hands the other way, leading to no net push.) So if there’s no net external force on the system, then Newton’s law tells us that the rate of change in momentum is zero – in other words, momentum is conserved.
Regarding angular momentum: Just like Newton’s law tells us that the rate of change in momentum equals the total force (i.e., the total “push” or “pull” on the system), we can define a quantity whose rate of change equals the total torque (i.e., the total “twist” on the system.) This quantity is angular momentum. It’s conserved when the net external torque is zero. You can also define angular momentum as angular velocity times momentum of inertia. “Angular velocity” is the rate of rotation, and “moment of inertia” (which isn’t the same as “inertia”, by the way) is a measure of the object’s resistance to torques, in much the same way that mass measures the object’s resistance to forces. So this is just the rotational equivalent of “momemtum equals mass times velocity.”
Spin (I assume you mean the quantum mechanical property called spin) is somewhat trickier. As I said, under certain conditions angular momentum is conserved. However, when dealing with atoms and electrons and such, we have to add in an additional angular momentum that is intrinsic to the particles themselves. Let me try to clarify with an example. Different atoms absorb different frequencies of light. The frequency of light is related to its energy, so the fact that atoms only absorb certain energies shows that they have certain discrete energy levels, and thus can only absorb an amount that equals the difference between two levels. But you can’t go from one level to any other level – rather, there are certain transitions which are “allowed” and certain ones which are “forbidden”. These rules are called “selection rules”, but they’re really just conservation laws. My point is that we can look at what frequencies of light an atom absorbs, and deduce something about what it’s conserved quantities are.
I’m trying to link spin into the above discussion in a straightforward way. However, at the risk of getting off track, I feel obligated to mention that angular momentum of a charged object – like an electron – is related to its magnetic moment, which is a measure of how its energy changes in a magnetic field. So the most obvious way to see the effect of spin is to look at how the energy levels of the atom shift when you an apply a magnetic field.
Long story short, the behavior of an atom doesn’t match what you’d get if you just considered the angular momentum of the electron (which can be thought of as due to the electron orbiting around the atom). Rather you have to add in a second term, which some people initially speculated was due to the electron spinning on its axis. An important physicist named Wolfgang Pauli was the first to note the need for this term, but he rightly shot down the suggestion that this was due to the electron spinning on its axis, because in order for something so small and light to have that much angular momentum from spinning, it would have to spin so fast that points on its surface move faster than the speed of light! So obviously the electron (and other atomic and subatomic particles) aren’t actually “spinning” in the classical sense, they just have an intrinsic property that shows up in our equations the same way a spin would. So we call this “spin” anyway.
Well, here we come to my “However, see below” from the first line of this post.
According to Einstein, E[sup]2[/sup] = p[sup]2[/sup]c[sup]2[/sup] + m[sup]2[/sup]c[sup]4[/sup]. (Here E is energy, p is momentum, m is mass, and c is the speed of light). You can see how for an object at rest (p = 0) we just have the better known equation E = mc[sup]2[/sup]. So we can call mc[sup]2[/sup] the “rest energy” of a body. Some text books define a “relativistic mass” which is equal to the total energy (not just rest energy) of the particle divided by c[sup]2[/sup]. This is presumably what sweet evil jesus means by saying “photons have mass.” However, in my experience most physicists prefer to use “mass” to mean “rest mass”, in which case a photon (i.e., a particle of light) is massless. Nevertheless, photons have momentum, but we have to use a more general definition of momentum than mass times velocity.
Specifically, we can treat the longer form of Einstein’s equation as a definition of momentum in terms of energy and mass. For a massless body (m=0) the equation simplifies to E = pc. So the momentum of a photon is just its energy divided by its speed.
But is defining momentum in this way consistent with our previous definition of mass times velocity? As a matter of fact, it is, provided the velocity of the particles in question is much less than the speed of light.
The total kinetic energy of an object (i.e., the energy of motion) should be the total energy minus the rest energy.
In other words:
E[sub]kinetic[/sub] = (p[sup]2[/sup]c[sup]2[/sup] + m[sup]2[/sup]c[sup]4[/sup])[sup]1/2[/sup] - mc[sup]2[/sup].
Factoring out an mc[sup]2[/sup], we have:
E[sub]kinetic[/sub] = mc[sup]2[/sup]( (p / mc)[sup]2[/sup] + 1)[sup]1/2[/sup] - 1)
where (p / mc) is much smaller than 1 since the velocity is much less than c. Using this fact, we can write the approximate equation:
E[sub]kinetic[/sub] = mc[sup]2[/sup](1 + (1/2)(p / mc)[sup]2[/sup] - 1) = p[sup]2[/sup] / 2m
(This approximation is called a Taylor series – you might be familiar with it from a calculus course.)
But E[sub]kinetic[/sub] = p[sup]2[/sup] / 2m is just our usual relationship between kinetic energy and momentum. If you don’t recognize it, replace E[sub]kinetic[/sub] with (1/2)mv[sup]2[/sup], which is the usual formula for the kinetic energy of a non-relativistic particle. Then we have (1/2)mv[sup]2[/sup] = p[sup]2[/sup] / 2m, which simplifies to p = mv. Hooray!