The Lemans crash (circa 1955) killed about 57 people and caused Daimler-Benz to quit racing (immediately). Jaguar (the primary cause of the crash) competed and won the race. The tragedy stopped ALL car racing in most European countries for several years, until adequate spectator protection was provided.
Off topic, but just a bit of historical clarification for context:
The LeMans catastrophe was worse than that, with early estimates at 80 spectators killed, but final count somewhat higher. The earthen embankment served as a launch ramp into structure that tore the 300SLR apart, rather than a barrier. Mercedes' magnesium structure aggravated matters.
Mercedes Benz discussed the matter among themselves and withdrew later in the night while leading. They did not, however, withdraw from racing until season's end, after securing the manufacturers' (sports car) and drivers' (F-1) championships.
Monaco, Belgium, England, France, Germany, and Italy ran their accustomed F-1 and sports car races throughout the next (1956) season and thereafter. The Swiss banned racing (an edict that still stands). There was no Spanish GP that year, but I don't know why. Other principalities and countries maintained minor races.
Hawthorn had swerved his Jaguar to enter the pits, which is the accepted initial cause (Macklins AH moving left into Levegh's path), but that's still argued. Hawthorn did win, but not with his heart in it.
The Mille Miglia, last of the great open road races, ended a year later, due to deaths among uncontrolled spectators. However there were more multiple spectator fatalities in races well into the 1960's. Fans and organizers alike have always been sensitive to these losses, often taking them personally, but racing has never been truly threatened since 1955, even by accidents like those at Indy in 1964 and 1973.
I doubt that anything threatens air racing as much as the litigious nature of our present society. As usual, it's economics. Racing of any kind has always been dangerous. Certainly auto racing in the 1950's was lethal, and many great drivers did not complete their careers. So, if anything else has swung the pendulum, it's been the rise of NASCAR, whose fan base does not remember those days. That and the increased safety of throw-away cars requiring large sponsorship to replace has made racing deaths like Earnhart's much more prominent than those of past greats like Ted Horn, Jimmy Bryan, Bill Vukovich, ...arguably among the all-time best.
I hope that Jimmy Leeward is remembered for much more than this awful incident and that we continue to hold some perspective in this aftermath. It's well past time that we recognize human responsibility for more than just a handy way to cast blame. As spectators, we know the risks of proximity to motorsports events and should be allowed to continue making these decisions for ourselves. My front row seat at IMS is perfectly clear to me in its risk, and I doubt that anyone from now on will underestimate the risk of planes pushed into the range of transonic effects. I hope also that the aerodynamics of the unlimiteds in this range will be further explored. As always, there are things to be learned. Finally, I hope that the uneducated, like the two idiots who authored the first AP report I read, will stop blowing that crap out of the end where "the sun don't shine." They are the truly dangerous people, and I'd like them to mind their own business, and stop trying to impose their ignorant wills on those who
can think and have some expertise.
Ah, well. That's a bit of venting to go with the history check. 'hope sanity and freedom prevail.
SK