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<p>[QUOTE=&quot;Vess1, post: 653388, member: 13650&quot;]Straight from Fed Ex website:</p><p><br /></p><p>&nbsp;</p><p><b>&quot;FedEx Express</b></p><p>In 1965, Yale University undergraduate Frederick W. Smith wrote a term paper about the passenger route systems used by most airfreight shippers, which he viewed as economically inadequate. Smith wrote of the need for shippers to have a system designed specifically for airfreight that could accommodate time-sensitive shipments such as medicines, computer parts and electronics. </p><p>&nbsp;In August of 1971 following a stint in the military, Smith bought controlling interest in Arkansas Aviation Sales, located in Little Rock, Ark. While operating his new firm, Smith identified the tremendous difficulty in getting packages and other airfreight delivered within one to two days. This dilemma motivated him to do the necessary research for resolving the inefficient distribution system. Thus, the idea for Federal Express was born: a company that revolutionized global business practices and now defines speed and reliability.</p><p>&nbsp;<b>Federal Express was so-named due to the patriotic meaning associated with the word &quot;Federal,&quot; which suggested an interest in nationwide economic activity.</b> At that time, Smith hoped to obtain a contract with the Federal Reserve Bank and, although the proposal was denied, he believed the name was a particularly good one for attracting public attention and maintaining name recognition.&quot;</p><p><br /></p><p><br /></p><p>&nbsp; This was never meant to look like a government agency and there was no point for it to beside name recognition.</p><p><br /></p><p><br /></p><p>&nbsp;The Fed Reserve would rather have nobody know about them.&nbsp; And pretty much nobody did before the internet.&nbsp;&nbsp; Whatever they are, you can&#039;t argue that for an agency of that importance, there is a serious lack of transparency and bitter resistance against cooperating or disclosing information.&nbsp; </p><p><br /></p><p>&nbsp; Do you think the typical person on the street knows where money comes from?&nbsp;&nbsp; They will most likely say that &quot;they print it.&quot;&nbsp; But they wouldn&#039;t be able to tell you who they are or why.&nbsp;&nbsp; Why wouldn&#039;t such a seemingly important subject be taught in schools?&nbsp; &nbsp; No time?&nbsp; Nobody thought of it?&nbsp; Not important?&nbsp;&nbsp; Or would they even be allowed to?[/QUOTE]</p><p><br /></p>

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