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FedEx was founded as Federal Express Corporation in 1971, by 28-year-old Memphis, Tennessee, native Frederick W. Smith. Smith, a former Marine pilot in Vietnam, originally outlined his idea for an overnight delivery service in a term paper he wrote for a Yale University economics class.
In the era before electronic communication, the Pony Express was the thread that tied East to West. As a result of the 1849 Gold Rush, the 1847 Mormon exodus to Utah and the thousands who moved west on the Oregon Trail starting in the 1840s, the need for a fast mail service beyond the Rocky Mountains became obvious.