May 13: The first modern Formula 1 race was run on this date in 1950

After World War II, auto racing's popularity dimmed in the shadow of the continent's rebuilding. It wasn't until 1950 that racing organizers finally held a long-sought world's championship series of Formula 1 races, which would result in a true champion. The first race was held on this date in 1950 at the Silverstone track in England, where four Alfa Romeos ran away from the field. You can see the festivities below, including the first appearance of the V-16 powered British Racing Motors car: