Mohandas Karamchand Gandhi, the political and spiritual leader of the Indian independence movement, is assassinated in New Delhi by a Hindu extremist on January 30, 1948.

On February 21, 1948, the National Association for Stock Car Racing—or NASCAR, as it will come to be widely known—is officially incorporated. NASCAR racing will go on to become one of America’s most popular spectator sports, as well as a multi-billion-dollar industry.

Under pressure from the Czechoslovakian Communist Party, President Edvard Benes allows a communist-dominated government to be organized. Although the Soviet Union did not physically intervene (as it would in 1968), Western observers decried the virtually bloodless communist coup as an example of Soviet expansion into Eastern Europe.

The communist-controlled government of Czechoslovakia reports that Foreign Minister Jan Masaryk has died by suicide. The story of the noncommunist Masaryk’s death was greeted with skepticism in the West.

Henry Wallace, former vice president and Progressive Party presidential candidate, lashes out at the Cold War policies of President Harry S. Truman. Wallace and his supporters were among the few Americans who actively voiced criticisms of America’s Cold War mindset during the late-1940s and 1950s.

On April 3, 1948, President Harry S. Truman signs the Economic Assistance Act, which authorized the creation of a program that would help the nations of Europe recover and rebuild after the devastation wrought by World War II. Commonly known as the Marshall Plan, it aimed to stabilize Europe economically and politically so that European nations would not be tempted by the appeal of communist parties.

"The Lousiana Hayride," a country radio program broadcast out of Shreveport, Louisiana, premieres. The show would launch the careers not only of several country music giants, but also of a young, genre-crossing singer named Elvis Presley, the future King of Rock 'n' Roll.

The Land Rover, a British-made all-terrain vehicle that will earn a reputation for its use in exotic locales, debuts at an auto show in Amsterdam on April 30, 1948.

On May 3, 1948, the U.S. Supreme Court issues a decision in U.S. v. Paramount Pictures, et al., the government’s long-running antitrust lawsuit against Paramount Pictures and seven other major Hollywood movie studios.

Twenty-five-year-old Norman Mailer’s first novel, The Naked and the Dead, is published on May 4, 1948. The book is critically acclaimed and widely considered one of the best novels to come out of World War II.

On May 14, 1948, in Tel Aviv, Jewish Agency Chairman David Ben-Gurion proclaims the State of Israel, establishing the first Jewish state in 2,000 years. Ben-Gurion became Israel’s first premier.

On May 15, 1948, 3-year-old June Devaney, recovering from pneumonia at Queen’s Park Hospital in Blackburn, England, is kidnapped from her bed. Nurses discovered her missing at 1:20 a.m. the next day, and police were immediately summoned to investigate. Two hours later, her body was found with multiple skull fractures. The medical examiner determined that Devaney had been raped and then swung headfirst into a wall.

On June 8, 1948, a hand-built aluminum prototype labeled “No. 1″ becomes the first vehicle to bear the name of one of the world’s leading luxury car manufacturers: Porsche.

One of the most dramatic standoffs in the history of the Cold War begins as the Soviet Union blocks all road and rail traffic to and from West Berlin. The blockade turned out to be a terrible diplomatic move by the Soviets, while the United States emerged from the confrontation with renewed purpose and confidence.

On June 26, 1948, U.S. and British pilots begin delivering food and supplies by airplane to Berlin after the city is isolated by a Soviet Union blockade.

President Harry S. Truman institutes a military draft with a proclamation calling for nearly 10 million men to register for military service within the next two months. Truman’s action came during increasing Cold War tensions with the Soviet Union.

On July 26, 1948, President Harry S. Truman signs Executive Order 9981, banning racial discrimination in the military. Truman’s order ended a long-standing practice of segregating Black soldiers and relegating them to more menial jobs.

In hearings before the House Un-American Activities Committee (HUAC), Whittaker Chambers accuses former State Department official Alger Hiss of being a communist and a spy for the Soviet Union. The accusation set into motion a series of events that eventually resulted in the trial and conviction of Hiss for perjury.

On August 5, 1948, American diver Sammy Lee takes gold at the London Olympics, just two days after his good friend and fellow diver Vicki Draves won her own gold. They are the first Asian Americans to win Olympic gold medals for the United States.

On August 16, 1948, baseball legend George Herman “Babe” Ruth dies from cancer in New York City. For two days following, his body lay in state at the main entrance to Yankee Stadium, and tens of thousands of people stood in line to pay their last respects. He was buried in Hawthorne, New York.

On September 24, 1948, Mildred Gillars—the notorious American citizen known as “Axis Sally,” who had been living in Germany and broadcasting Nazi radio propaganda during World War II—pleads not guilty to eight counts of treason. Her lawyer, James J. Laughlin, tells the judge that he wants to call President Harry S. Truman as a witness, but he doesn’t say why.

Motorcycle builder Soichiro Honda incorporates the Honda Motor Company in Hamamatsu, Japan. In the 1960s, the company achieved worldwide fame for its motorcycles (in particular, its C100 Super Cub, which became the world’s best-selling vehicle); in the 1970s, it achieved worldwide fame for its affordable, fuel-efficient cars. Today, in large part because of its continued emphasis on affordability, efficiency and eco-friendliness (its internal motto is “Blue skies for our children”), the company is doing better than most.

On October 15, 1948, future President Gerald Ford marries Elizabeth Anne (“Betty”) Bloomer.

Arthur Eggers, who was convicted of killing his wife, Dorothy, because of her alleged promiscuity, is executed at San Quentin Prison. He probably would have gotten away with the crime had the investigators not received a few lucky breaks.

On October 30, 1948, killer smog hovering over Donora, Pennsylvania claims its first two victims. Over a five-day period, the smog killed about 20 people and made thousands more seriously ill.

In one of the greatest upsets in presidential election history, Democratic incumbent Harry S. Truman defeats his Republican challenger, Governor Thomas E. Dewey of New York, by just over two million popular votes. In the days preceding the vote, political analysts and polls were so behind Dewey that on election night, long before all the votes were counted, the Chicago Tribune published an early edition with the banner headline “DEWEY DEFEATS TRUMAN.”

On November 3, 1948, the Chicago Tribune jumps the gun and mistakenly declares New York Governor Thomas Dewey the winner of the previous days' presidential race against incumbent Harry S. Truman in a front-page headline: “Dewey Defeats Truman.”

On November 4, 1948, T.S. Eliot wins the Nobel Prize in Literature, for his profound effect on the direction of modern poetry.

On November 26, 1948, the first “Land Camera”—better known today as the instant Polaroid camera—goes on sale at Jordan Marsh department store in Boston for $89.75. The invention of Edwin H. Land, who had enrolled at Harvard to study physics in 1926, but dropped out to conduct his own research, becomes an instant hit and sells out within minutes that first day.

In Tokyo, Japan, Hideki Tojo, former Japanese premier and chief of the Kwantung Army, is executed along with six other top Japanese leaders for their war crimes during World War II. Seven of the defendants were also found guilty of committing crimes against humanity, especially in regard to their systematic genocide of the Chinese people.

On Christmas Eve 1948, a family of three moves into a home in Dover, Massachusetts with unusually large windows—the world’s first fully solar house, an idea decades ahead of its time. Nobody had ever tried living in a residence heated only by the sun, much less through a frigid New England winter.