Formula 1 is the number one racing league in the entire world. Formula 1 formally came into existence in 1946 when it was defined by the the Fédération Internationale de l'Automobile (FIA), the world motor racing body, as the premier single seater racing category in racing car sport worldwide. The races were also known as Formula A. Most participating cars in early year competitions came from Italy. It was established as the first racing of the world. 1950 was the very first year that there was a champion for formula 1. The championship included six Formula 1 races in Europe plus the Indianapolis 500. In the first modern Formula One race was held on 13th May, 1950 at Silverstone in England, Giuseppe Farino with his Alfa Romeo158 defeated legendary Argentinean Juan Manual Fangio, his nearest rival. However, it was Fangio, who dominated racing scene in the decade. The Alfa Romeo158 was the number one car for over ten years. Fangio won the title in 1951, 1954, 1955, 1956 and 1957. He is regarded the Grand Master of Formula One. Another car that faired well was the stirling moss. The Stirling Moss of UK was a driver who competed regularly but was never able to win the race. He is widely considered the best driver ever never to win the race. The decade was dominated by teams run by road car manufacturers. British drivers dominated Formula One in the 1960s. Colin Chapman's Team Lotus took the championship to new standards in Formula One Racing. Jim Clark exploited his talent to the utmost and created history on his Lotus 33. Re-introduction of mid-engined cars was a major development of this period. All regular competitors in the decade switched to mid-engined cars. British teams and Commonwealth racers won twelve world championships between 1962 and 1973.The 1970s saw the evolution of the sport into the billion dollar business. On the racing track, Brazilian Emerson Fittipaldi became the youngest driver to win the Grand Prix in Formula One History. However, Jack Stewart soon rose to challenge his supremacy. They together dominated the Formula 1 scene for the entire first half of the seventies. Biggest technological breakthrough in the decade was the introduction of aluminum sheet monocoque chassis in place of the traditional space frame design. Ground effect aerodynamics was introduced in late 1970s. The technological innovation greatly increased cornering speeds. In the 1980's the speed of the cars really started to pickup they started to go over 150 to 170 miles per hour. The early Eighties are known for the clashes between Fédération Internationale du Sport Automobile (FISA) and Formula One Constructors' Association (FOCA). The development of electronic driver aids also began in the 1980s. A system of active suspension was developed. A system of semi-automatic gearboxes and traction control was also developed. On the track, this era was dominated by Nelson Piquet and McLaren. Ayrton Senna and Alain Prost also rose to fame. Ayrton Senna was the world’s greatest racer in history. He tragically died in 1994, in a head on crash into the wall and was killed on impact his legacy will live for ever and will never be for gotten. R.I.P Ayrton Senna.Michael Schumacher emerged as the next superstar. Schumacher, with Ferrari, won an unprecedented five consecutive drivers’ championships and six consecutive constructors’ championships between 1999 and 2004. Renault driver Fernando Alonso ended Schumacher's championship streak in September 2005. Currently, the world championships are dominated by manufacturer-owned teams like Renault, BMW, Toyota, Honda, Ferrari and Mercedes. The leading racer today is Sebastian Vettel. He is the Dominating force in Formula1 racing.
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