It was introduced in 1936, and developed for the Winchester Model 71 lever action rifle.

[3] It is excellent for any North American big game in woods or brush, if the 250 grain bullet is used, but not especially suited to long range (400 yards and beyond) as a result of the need to use flat-nose bullets due to the Model 71's tubular magazine.

[citation needed] These have different thread sizes in places, most notably the barrels, and many parts will not interchange with the originals.

[citation needed] The case of the .348 was used to produce the 8-348w wildcat, used to rechamber World War 1-era rifles such as Lebel or Berthier, instead of the original 8x50mmR, which at the time of such conversions were still considered war materiel in France and therefore strictly regulated.

[citation needed] The .348 is also the basis for the .348 Ackley Improved, The .348 Ackley improved has about a 200 fps advantage over the standard pushing the 200 grain FTX bullet at 2800 feet a second with some of the new hybrid powders.