F1 car racing has astounding number of followers in
        all parts of the world. The championship is today held in accordance
        with well-formulated rules and regulations, and incredible efficiency.
        However, it was not like that when it first came into being. Given below
        is the brief description on F1 history. 
         
        Early Times 
         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. 
         
        1950s 
         1950 season included the inaugural Formula 1 world championship season.
        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.
        Fangio won the title in 1951, 1954, 1955, 1956 and 1957. He is regarded
        the Grand Master of Formula One. 
         
         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. 
         
        1960s 
         British drivers dominated in the Formula One races of 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. 
         
        1970s 
         The 1970s saw the evolution of Formula One as a big commercial success.
        Bernie Ecclestone is credited with transforming 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 aluminium sheet monocoque chassis in place of the
        traditional spaceframe design. Ground effect aerodynamics was introduced
        in late 1970s. The technological innovation greatly increased cornering
        speeds. 
         
        1980s 
         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. 
         
        1990s and 2000s 
         Exploits of Senna glorified the world of motor racing. However, he died
        tragically in a car accident of track in 1994. 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 and Ferrari.
        
 Here is an interesting account of Formula 1
        history. Know about history of F1 which began in 1946 and continues till
        date.