The 1937 World Series featured the defending champion New York Yankees and the New York Giants in a rematch of the 1936 Series. The Yankees won the Series in five games for their second championship in a row and their sixth in fifteen years.

This was the Yankees' third Series win over the Giants, finally giving them an overall edge in Series wins over the Giants with three Fall Classic wins to the Giants' two (after they lost the 1921 and 1922 Series to the Giants). Currently, the St. Louis Cardinals are the only "Classic Eight" National League team to hold a Series edge over the Bronx Bombers, with three wins to the Yankees' two. The 1937 victory by the Yankees also broke a three-way tie between themselves, the Philadelphia Athletics, and the Boston Red Sox for the most World Series wins all-time (each team had five). By the time the Athletics and Red Sox won their sixth World Series (in 1972 and 2004, respectively), the Yankees had far outpaced them in World Series victories, as the Bronx Bombers had 20 championships to their name in 1972 and 26 in 2004.

The World Series is the annual championship series of Major League Baseball (MLB), played between the American League and National League champions since 1903. The winner of the World Series championship is determined through a best-of-seven playoff and awarded the Commissioner's Trophy. As the series is played in October, Major League Baseball also refers to it as the "Fall Classic". The most recent World Series was won by the St. Louis Cardinals, who defeated the Texas Rangers in 7 games in 2011.

The New York Yankees of the American League have played in 40 World Series and won 27, and the Oakland/Philadelphia Athletics have played in 14 and won 9. In the National League, the St. Louis Cardinals have played in 18 and won 11, while the San Francisco/New York Giants and Los Angeles/Brooklyn Dodgers have both appeared in 18 and won 6.

Until the formation of the American Association in 1882 as a second major league, the National Association of Professional Base Ball Players (1871–75) and then the National League (founded 1876) represented the top level of organized baseball in the United States. All championships went to whoever had the best record at the end of the season, without a postseason series being played. Starting in 1884 and going through 1890, the National League and the American Association faced each other in a series of games at the end of the season to determine an overall champion. These matchups were disorganized in comparison to the modern Series: games played ranged from as few as three in 1884 (Providence defeated New York 3 games to zero), to a high of 15 in 1887 (Detroit beat St. Louis 10 games to 5), and both the 1885 and 1890 Series ended in ties, each team having won three games with one tie game.

George Herman Ruth, Jr. (February 6, 1895 – August 16, 1948), best known as "Babe" Ruth and nicknamed "the Bambino" and "the Sultan of Swat", was an American baseball player who spent 22 seasons in Major League Baseball (MLB) playing for three teams (1914–1935). Known for his hitting brilliance, Ruth set career records for home runs (714), slugging percentage (.690), runs batted in (RBI) (2,217), and on-base plus slugging (OPS) (1.164). Ruth originally entered the major leagues with the Boston Red Sox as a starting pitcher, but after he was sold to the New York Yankees in 1919, he converted to a full time right fielder. He subsequently became one of the league's most prolific hitters and with his home run hitting prowess, he helped the Yankees win seven pennants and four World Series titles. Ruth retired in 1935 after a short stint with the Boston Braves, and the following year, he became one of the first five players to be elected into the National Baseball Hall of Fame.

Ruth was the first player to hit 60 home runs in one season (1927), a mark first eclipsed by Roger Maris in 1961 with 61. Ruth's lifetime record of 714 home runs stood until 1974 when it was surpassed by Hank Aaron. Unlike many power hitters, Ruth also hit for a high batting average: his .342 lifetime average is the tenth highest in baseball history, and in one season (1923) he batted .393, a Yankee record. Ruth dominated the era in which he played. He led the league in home runs during a season twelve times, slugging percentage and OPS thirteen times each, runs scored eight times, and RBIs six times. Each of those totals represents a modern record.

James Brooklyn DeShong (November 30, 1909 – October 16, 1993) was a Major League Baseball pitcher who played from 1932 to 1939 with the Philadelphia Athletics, New York Yankees, and the Washington Senators. He batted and threw right-handed.

He was born in Harrisburg, Pennsylvania, and died in Lower Paxton Township, Pennsylvania.