A Brief History of Formula One
Schlegelmilch / Corbis
Jewel in the Crown
Jarno Trulli of Renault and Michael Schumacher of Ferrari (trailing for once) maneuver through a hairpin turn during the 2003 Monaco Grand Prix. The Circuit de Monaco has been one of the most prestigious trophies in F1's season since its inception in 1929. The original event was part of the pre-Second World War European Championship and was then included in the first Formula One World Championship in 1950. It's been an ever present in the calendar since 1955.
Get the Latest Photos from Time.com
Get TIME photos and pictures of the week delivered directly to your inbox.