Formula One was a new formula agreed upon after World War II during 1946, with the first non-championship races being held that year.
The Formula One series originated with the European Grand Prix Motor Racing of the 1920s and 1930s. A Formula One season consists of a series of races, known as Grands Prix, which take place worldwide on purpose-built circuits and on public roads. The word 'formula' in the name refers to the set of rules to which all participants' cars must conform. The FIA Formula One World Championship has been one of the premier forms of racing around the world since its inaugural season in 1950. Formula One (also Formula 1 or F1) is the highest class of single-seater auto racing sanctioned by the Federation Internationale de l'Automobile (FIA) and owned by the Formula One Group.
