In recognition of George Dewey's leadership during the Battle of Manila Bay, a special medal known as the Dewey Medal was presented to the officers and sailors under Admiral Dewey's command. Dewey was later honored with promotion to the special rank of Admiral of the Navy; a rank that no one has held before or since in the United States Navy. Building on his popularity, Dewey briefly ran for president in 1900, but withdrew and endorsed William McKinley, the incumbent, who won.
Dewey's flagship, the Olympia, is preserved as a museum ship in Philadelphia, Pennsylvania, at the Independence Seaport Museum (formerly the Philadelphia Maritime Museum).