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NASCAR stands for the National Association for Stock Car Auto Racing. It was founded in 1947 in Daytona Beach, Florida. Bill France, Sr. who himself was a race car driver organized the meeting at the Streamline Hotel.
The meeting's agenda was to do deal with issues that affected motor racing at that time. Often drivers would not get paid because unscrupelous promoters would leave with the gate receipts before the race would finish. Another issue was the lack of consistent rules, so a car that was raced at one track could not be raced at another. NASCAR was created as an organization to deal and oversee these issues.
The first race that was sanctioned by NASCAR took place on February 15, 1948 at the Daytona Beach course. Races had been taking place on the beach for many years but operated by various promoters. 1949 was the first real season of NASCAR racing and at the end of 1949 a NASCAR season champion was first crowned.
Bill France, Sr. "ruled" NASCAR until 1972 when his son Bill France, Jr. took over. Bill France, Sr. oversaw the initial growth of the series; and the building of the first Super Speedway, Daytona. It was Bill France, Jr. who negotiated with R.J. Reynolds's Tobacco to sponsor what became the Winston Cup series.
This helped attract other corporate sponsors to NASCAR which fueled the growth to the present day.
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