Wallace, Henry Agard (1888–1965)

US politician and journalist. Appointed secretary to the Treasury by Franklin Roosevelt in 1933, he served as vice president during Roosevelt's third term 1941–45. He later broke with Truman and, after serving as editor of the New Republic 1946–47, was the unsuccessful Progressive Party candidate for president in 1948.

Born in Adair County, Iowa, Wallace was educated at Iowa State College and in 1910 joined the staff of the family-owned periodical Wallace's Farmer. Although his father was a prominent Republican, the younger Wallace joined the Democratic Party in 1928.

Wallace became secretary of commerce in 1945. In 1946 he attacked the government's attitude to Russia, and resigned. When fighting broke out in Korea in 1950, he announced his support for UN action there, and retired from politics shortly afterwards, returning to his farming interests.