We report the generation of polarization-entangled photons by femtosecond-pulse-pumped spontaneous parametric down-conversion in a cascade of two type-I crystals. Highly entangled pulsed states were obtained by introducing a temporal delay between the two orthogonal polarization components of the pump field. They exhibited high-visibility quantum interference and a large concurrence value, without the need of post-selection using narrow-bandwidth-spectral filters. The results are well explained by the theory which incorporates the space-time dependence of interfering two-photon amplitudes if dispersion and birefringence in the crystals are appropriately taken into account. Such a pulsed entangled photon well localized in time domain is useful for various quantum communication experiments, such as quantum cryptography and quantum teleportation.