| Formula One racing began in Europe in the late | | | | equivalent to 225mph. |
| 1890's. It has long since become a favorite sport | | | | Europe has long been the center for this sport. |
| across the world. Many countries including Japan, | | | | Over half of the races take place there and most |
| Australia, and Canada all participate in this favorite | | | | teams are located there as well. Many of the |
| pastime. The United States is not considered to | | | | Driver's Champions have been from the United |
| have a large fan base for this sport though the | | | | Kingdom as well as many of the Constructors |
| popularity is rising among the states. | | | | Champions. Though this sport is more popular in |
| Formula one is considered the highest class of | | | | Europe races takes place all over the world. Since |
| open wheeled racing. The term "Formula" is in | | | | the fan base is spreading to all parts of the world, |
| reference to the set of regulations that is placed | | | | about half of all future races have been scheduled |
| on the participants and the cars conformity. The | | | | outside of Europe. Many races scheduled for the |
| series of races that help determine the | | | | Americas have been dropped and moved to |
| championships are called Grand Prix. They are | | | | places such as China, Turkey, and, Singapore. One |
| usually held on circuits intentionally built for the kind | | | | of the first night races is scheduled to take place |
| of specific racing though in some cases the races | | | | in Singapore this year. India will be added to the |
| are performed on street circuits. One of the | | | | racing list in the year 2010. |
| most famous street races is the Monaco Grand | | | | The sport has millions of fans watching worldwide |
| Prix held in Monte Carlo. The results of all the | | | | for every race. This is the world's most |
| races are combined to determine two annual | | | | expensive sport and it has a significant effect on |
| World Championships. One is held for the drivers | | | | the economy. This being the case high |
| and the other is for the constructors. | | | | investments by sponsors allow for the |
| Formula One racing has seen many changes over | | | | constructors to work with a very large budget. |
| the years. This is to create better racing results | | | | Formula One is a large merchandising environment, |
| along with better safety standards for the drivers. | | | | additionally high profile companies and individuals |
| The cars performance is very dependent on | | | | are often offered corporate hospitality packages |
| aerodynamics, tires, suspension, and electronics. | | | | by the organizers that can cost upwards of ten's |
| These cars can travel at speeds of 360km/h | | | | of thousands of dollars. |