The 1948 United States presidential election was the 41st quadrennial presidential election. It was held on Tuesday, November 2, 1948. Incumbent President Harry S. Truman, the Democratic nominee, defeated Republican Governor Thomas E. Dewey. Truman's victory is considered to be one of the greatest election upsets in American history.
On November 23, 1948, the executors of Orville's estate signed an agreement for the Smithsonian to purchase the Flyer for one dollar. At the insistence of the executors, the agreement also included strict conditions for display of the airplane.