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Phelps Dodge Corporation
Phelps Dodge Corporation was an American mining company founded in 1834 as an import-export firm by Anson Greene Phelps and his two sons-in-law William Earle Dodge, Sr. and Daniel James. The latter two ran Phelps, James & Co., the part of the organization based in Liverpool, England. The import-export firm at first exported United States cotton from the Deep South to England and imported various metals to the US needed for industrialization. With the expansion of the Western frontier in North America, the corporation acquired mines and mining companies, including the Copper Queen Mine in Cochise County, Arizona and the Dawson, New Mexico coal mines. It operated its own mines and acquired railroads to carry its products. By the late 19th century, it was known as a mining company. On March 19, 2007, Freeport-McMoRan completed a $25.9 billion acquisition of Phelps Dodge Corporation. History in 1821, Anson G. Phelps started a partnership in New York City with Elisha Peck, a merc ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Industrialization
Industrialisation ( alternatively spelled industrialization) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive re-organisation of an economy for the purpose of manufacturing. Historically industrialization is associated with increase of polluting industries heavily dependent on fossil fuels. With the increasing focus on sustainable development and green industrial policy practices, industrialization increasingly includes technological leapfrogging, with direct investment in more advanced, cleaner technologies. The reorganization of the economy has many unintended consequences both economically and socially. As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth. Moreover, family structures tend to shift as extended families tend to no longer live ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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Partnership
A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract. History Partnerships have a long history; they were already in use in medieval times in Europe and in the Middle East. According to a 2006 article, the first partnership was implemented in 1383 by Francesco di Marco Datini, a merchant of Prato and Florence. The Covoni company (1336-40) and the Del Buono-Bencivenni company (1336-40) have also been referred to as early partnerships, but they were not formal partnerships. In Europe, the partnerships contributed to the Commercial Revolution which started in the 13th centur ...
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Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must co ...
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19th Century
The 19th (nineteenth) century began on 1 January 1801 ( MDCCCI), and ended on 31 December 1900 ( MCM). The 19th century was the ninth century of the 2nd millennium. The 19th century was characterized by vast social upheaval. Slavery was abolished in much of Europe and the Americas. The First Industrial Revolution, though it began in the late 18th century, expanding beyond its British homeland for the first time during this century, particularly remaking the economies and societies of the Low Countries, the Rhineland, Northern Italy, and the Northeastern United States. A few decades later, the Second Industrial Revolution led to ever more massive urbanization and much higher levels of productivity, profit, and prosperity, a pattern that continued into the 20th century. The Islamic gunpowder empires fell into decline and European imperialism brought much of South Asia, Southeast Asia, and almost all of Africa under colonial rule. It was also marked by the collapse of the large ...
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Railroads
Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in Track (rail transport), tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles (rolling stock) are directionally guided by the tracks on which they run. Tracks usually consist of steel rails, installed on Railroad tie, sleepers (ties) set in track ballast, ballast, on which the rolling stock, usually fitted with metal wheels, moves. Other variations are also possible, such as "slab track", in which the rails are fastened to a concrete foundation resting on a prepared subsurface. Rolling stock in a rail transport system generally encounters lower friction, frictional resistance than rubber-tyred road vehicles, so passenger and freight cars (carriages and wagons) can be coupled into longer trains. The rail transport operations, operation is carried out by a ...
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Coal Mine
Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from iron ore and for cement production. In the United Kingdom and South Africa, a coal mine and its structures are a colliery, a coal mine is called a 'pit', and the above-ground structures are a 'pit head'. In Australia, "colliery" generally refers to an underground coal mine. Coal mining has had many developments in recent years, from the early days of men tunneling, digging and manually extracting the coal on carts to large open-cut and longwall mines. Mining at this scale requires the use of draglines, trucks, conveyors, hydraulic jacks and shearers. The coal mining industry has a long history of significant negative environmental impacts on local ecosystems, health impacts on local communities and workers, and contributes heavily to th ...
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Dawson, New Mexico
Dawson (also Mountview) is a ghost town in Colfax County, New Mexico, United States. Dawson was the site of two separate coal mining disasters in 1913 and 1923. Dawson is located approximately 17 miles northeast of Cimarron. Dawson was a coal mining company town founded in 1901, when rancher John Barkley Dawson sold his coal-rich land in northern New Mexico to the Dawson Fuel Company. The Dawson Railway was built connecting the town to Tucumcari. The mines were productive, and by 1905 the town boasted a population of nearly 2,000, later reaching around 9,000. History In 1906, the mines were purchased by the Phelps Dodge Corporation. The corporation needed to attract workers to the remote location, so they built homes for the miners, along with numerous other facilities including a hospital, department store, swimming pool, movie theater, and a golf course. With these amenities, Phelps Dodge was able to maintain a stable employment rate despite the inherent dangers of mining an ...
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Arizona
Arizona ( ; nv, Hoozdo Hahoodzo ; ood, Alĭ ṣonak ) is a state in the Southwestern United States. It is the 6th largest and the 14th most populous of the 50 states. Its capital and largest city is Phoenix. Arizona is part of the Four Corners region with Utah to the north, Colorado to the northeast, and New Mexico to the east; its other neighboring states are Nevada to the northwest, California to the west and the Mexican states of Sonora and Baja California to the south and southwest. Arizona is the 48th state and last of the contiguous states to be admitted to the Union, achieving statehood on February 14, 1912. Historically part of the territory of in New Spain, it became part of independent Mexico in 1821. After being defeated in the Mexican–American War, Mexico ceded much of this territory to the United States in 1848. The southernmost portion of the state was acquired in 1853 through the Gadsden Purchase. Southern Arizona is known for its desert cl ...
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Cochise County, Arizona
Cochise County () is a county in the southeastern corner of the U.S. state of Arizona. It is named after the Native American chief Cochise. The population was 125,447 at the 2020 census. The county seat is Bisbee and the most populous city is Sierra Vista. Cochise County includes the Sierra Vista-Douglas, Arizona Metropolitan Statistical Area. The county borders southwestern New Mexico and the northwestern Mexican state of Sonora. History In 1528 Spanish Explorers: Álvar Núñez Cabeza de Vaca, Estevanico, and Fray Marcos de Niza survived a shipwreck off the Texas coast. Captured by Native Americans, they spent eight years finding their way back to Mexico City, via the San Pedro Valley. Their journals, maps, and stories led to the Cibola, seven cities of gold myth. The Expedition of Francisco Vásquez de Coronado in 1539 using it as his route north through what they called the Guachuca Mountains of Pima ( Tohono O'odham) lands and later part of the mission routes north, ...
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Copper Queen Mine
The Copper Queen Mine was a copper mine in Cochise County, Arizona, United States. Its development led to the growth of the surrounding town of Bisbee in the 1880s. Its orebody ran 23% copper, an extraordinarily high grade. It was acquired by Phelps Dodge in 1885. In the early 1900s, this was the most productive copper mine in Arizona.Horace J. Stevens (1909), ''The Copper Handbook'', v.8, Houghton, Mich.: Horace Stevens, p. 1457. While copper mining declined in the area in the 1930s and 1940s, the Copper Queen continued to be mined by the open-pit process during the years following World War II. With decreasing returns, Phelps Dodge closed it in 1985. History The presence of copper ore in the Mule Mountains of southeast Arizona may have been known as early as 1876, but the first mining claim was filed on August 2, 1877. In 1877, a U.S. Cavalry patrol from Fort Bowie was tracking Apache Indians and camped at what is today known as Iron Springs. The men didn't like the qual ...
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