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Why was the distance of 500 miles selected?

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Why was the distance of 500 miles selected?

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Having decided to dispense with multi-race programs and concentrate on one major race for 1911, Speedway leader Carl Fisher and his partners envisioned an event that would appeal to the public by lasting approximately seven hours between mid-morning and late afternoon. A distance of 500 miles was settled upon, and Ray Harroun won the first Indianapolis 500 in 1911 in six hours, 42 minutes and eight seconds.

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