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The Formula One series has its roots in the European Grand Prix Motor Racing of the 1920s and 1930s. The "formula" is a set of rules which all participants and cars must meet. Formula One was a new formula agreed after World War II in 1946, with the first non-championship races being held that year. A number of Grand Prix racing organizations had laid out rules for a World Championship before the war, but due to the suspension of racing during the conflict, the World Drivers' Championship was not formalized until 1947. The first world championship race was held at Silverstone, United Kingdom in 1950.
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