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[Music] FedEx employees well over half a million people worldwide has a market cap of over 40 billion dollars and delivers millions of packages every day in countries all over the world but in the early 1970s this future shipping Empire depended on one man five thousand dollars and a weekend in Las Vegas this is the absolutely crazy story of FedEx [Music] Frederick Wallace Smith founder of FedEx did not get off to a good start in life at the age of four his father passed away and for the first 10 years of his life Fred was afflicted with the type of childhood arthritis called perthy's disease that affected his hips temporarily causing a loss of blood flow and affecting his ability to walk thus Fred was forced to spend his early years in leg braces and use crutches to get around and Fred face bullying as a child because of his condition however by his 10th birthday Fred had overcome this and he was able to not only walk but within a few years began to acquire flying something that would play a pivotal role in his future success but during High School Fred started his first small business the Arden record company which he founded along with some friends it started as a small recording studio in a garage but eventually grew into a larger recording company which actually still operates to this day however Fred left the company in 1962 to go to Yale University and study economics in his junior year Fred wrote a term paper where he proposed a business idea that he said could revolutionize the way goods were transported now at the time packages were shipped throughout the US in the cargo holds of commercial airliners and thus the delivery schedules were at the mercy of the passenger Airlines this meant package delivery times were much slower and less predictable so for people who had something to send urgently for example medical supplies or legal documents surely there had to be a better and faster way so Fred's idea was to buy a fleet of jets fly in the middle of the night whilst airports weren't as busy with outgoing flights and then sought the packages at one Central Hub and deliver the packages from there by truck Fred believed this idea of carrying small high priority packages at night would mean that companies and individuals could have their packages delivered in just one or two days much faster than the current restrictive Airline schedule Fred was excited about his idea and handed in his college paper however he ended up only getting a c grade from his economics professor who told him that the idea wasn't feasible and wouldn't work Fred was obviously very deflated by this but he still convinced the idea had potential and wanted to pursue it and prove his Professor wrong however after graduating from Yale in 1966 he would not get a chance to act...