The Yankees won their first American League Pennant in 1921.
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The Year the Yankees Lost the Pennant was created in 1954.
The New York Yankees won the American League Pennant in 1949. The Yankees with a record of 97-57 finished one game ahead of the Boston Red Sox. Boston finished first in almost every hitting category that year. The New York Yankees went on to beat the Brooklyn Dodgers in the 1949 World Series.
1921, the second year of Babe Ruth playing with them. In the World Series, they lost to the New York Giants, 5 games to 3. The 1921 World Series was the last Series played in a best of 9 format.
The New York Yankees Major League franchise began in 1901 in Baltimore, named the Orioles. The team moved to New York in 1903, and the team name was changed to the Highlanders. In 1913 the team name was changed to The New York Yankees. The New York Yankees organization considers 1903 to be their first year.
The Yankees played their first two years (1901-1902) in Baltimore as the Orioles. The team moved to New York in 1903and were known as the Highlanders and changed their name to Yankees in 1913.