Formula One single-seater auto racing is considered, by some, to be the most prestigious car racing championship in the world.
It is sanctioned by the Fédération Internationale de l’Automobile (FIA). The FIA Formula One World Championship has been one of the premier forms of racing around the world since its inaugural season in 1950.
The word Formula actually refers to a set of rules for which the participants of the race must conform. The Formula One season is actually built up from a series of races known as the Grande Prix, which is French for grand prizes, a better translation may be great prizes, of which there are many. The races are staged at both purpose built circuits and public roads, there have been many changes to the locations throughout the history.
Formula One as a series actually originated in the European Championship of Grand Prix motor racing of the 1920s and 30s. Formula One was agreed upon after World War II during the year of 1946, the first non-championship races being held that year. However, the first official race following the war, was held in Turin in 1947. The first world championship race was held at Silverstone in 1950.