This document discusses different theories and types of corrosion. It begins by introducing corrosion as the formation of compounds on a metal's surface through chemical reaction with its environment. It then summarizes three main theories of corrosion: (1) the acid theory involving reaction with carbon dioxide, moisture and oxygen; (2) the chemical theory involving direct reaction with gases like oxygen; and (3) the electrochemical theory involving the formation of anodes and cathodes when a metal is in contact with a conducting liquid. The document goes on to describe eight common types of corrosion in more detail.