The cycle of the call was of the iron this way also is installed. It is consolidated and it remained until the current days due the privileged situation of the city in this region. Although the norteadora central idea of the primary activities to have been since the primrdios the idea of the extrativismo, the territory of Valadares Governor, of a modern form, still extracts of its human element the exportation of hand of workmanship for countries in the same and/or in other continents. This study it will look for to lead a reflection in the attempt to answer to the following question: As it appeared, it was changedded and one consolidated this territory, identified as Valadares governor? The present study he has as objective to lead a reflection on the sprouting, transformations and consolidation of the territory of Valadares/MG Governor. In this, they will be boarded the historical context that gave origin to the City, leading in consideration the first economic exploration of the 1573 gone ones, the economic cycles occurrences in century XX until the current days. Revision Bibliographical is method used in development of present article, that counts on information collected from books that describe historical facts of the city, of the Imperial Regal Letter of 13 of May of 1808, of saying of the Constitution of the Federative Republic of Brazil and scientific article to them printed matters in periodic publications, as well as the ones of the type electronic. The main advantage of the bibliographical research inhabits in the fact to allow to the investigator the covering of a much more ample gamma of phenomena of what that one that could search directly. This advantage becomes particularly important when the research problem requires given very dispersed for the space (GIL, 2002, p.45). History of a territory in construction the history of this city becomes to grafar since the first exploration of the Valley of the River Candy, in the 1573 gone ones.