Accusations of Communist influence followed, and Wallace's association with controversial Theosophist figure Nicholas Roerich undermined his campaign he received just 2.4% of the popular vote.

The Progressive platform called for conciliatory policies toward the USSR, desegregation of public schools, racial and gender equality, a national health-insurance program, and other left-wing policies. Wallace and his supporters then established the nationwide Progressive Party and launched a third-party campaign for president. Wallace continued to serve as Secretary of Commerce until September 1946, when he was fired by Truman for delivering a speech urging conciliatory policies toward the Soviet Union. Roosevelt died in April 1945 and Truman succeeded him as president. In early 1945, Roosevelt appointed Wallace as Secretary of Commerce. At the 1944 Democratic National Convention, conservative party leaders defeated Wallace's bid for renomination, placing Missouri Senator Harry S. The Roosevelt-Wallace ticket won the 1940 presidential election.

Roosevelt overcame strong opposition from conservative leaders in the Democratic Party and had Wallace nominated for vice president at the 1940 Democratic National Convention. He strongly supported the New Deal and presided over a major shift in federal agricultural policy, implementing measures designed to curtail agricultural surpluses and to ameliorate rural poverty. Wallace served as Secretary of Agriculture under Roosevelt from 1933 to 1940. Roosevelt in the 1932 presidential election.

After his father's death in 1924, Wallace drifted away from the Republican Party he supported Democratic nominee Franklin D. Wallace displayed intellectual curiosity about a wide array of subjects, including statistics and economics, and explored various religious and spiritual movements, including Theosophy. He also founded the Hi-Bred Corn Company, a hybrid corn company that became extremely successful. After graduating from Iowa State University in 1910, he worked as a writer and editor for his family's farm journal, Wallaces' Farmer. Secretary of Agriculture from 1921 to 1924, Henry A. He was the nominee of the new Progressive Party in the 1948 presidential election. Secretary of Agriculture and the 10th U.S. Henry Agard Wallace (Octo– November 18, 1965) was an American politician, journalist, farmer, and businessman who served as the 33rd vice president of the United States, under President Franklin D.

Wallace the Brave by Will Henry