| Book Review | The Western Historical Quarterly, 32.4

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| Book Review | The Western Historical Quarterly, 32.4 | The History Cooperative

Book Review

Vision & Enterprise: Exploring the History of Phelps Dodge Corporation. By Carlos A. Schwantes. (Tucson: University of Arizona Press, 2000. xxix + 464 pp. Illustrations, maps, notes, bibliography, index. $60.00.)

This history of Phelps Dodge, a senior firm among the Fortune 500 and long one of the big three in American copper mining, will interest both western and business historians. After highlighting half-century cycles in the company's past and quickly summarizing its first fifty years as a New York importer and exporter, the author focuses on a shift during the 1880s to copper mining in the southwestern United States, which resulted from the enterprise's experience with metal imports and its considerable cash reserves. Acting with characteristic prudence, the partners fortuitously concentrated their funds on developing mines and expanding ore holdings just as the copper market flourished with the demands of the telephone and electrical industries, culminating in a World War I boom. . . .

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