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Henry A. Wallace as Vice President: The Last New Dealer

Per Magnus Wijkman

The American Economist, 2020, vol. 65, issue 1, 163-176

Abstract: In his third term, Roosevelt appointed Vice President Henry A. Wallace to Chair the Board of Economic Warfare. Conflicts soon arose with Secretaries Jessie Jones and Cordell Hull. An ailing Roosevelt replaced Wallace by Leo Crowley and adopted a bipartisan policy to win the war. He abandoned the New Deal, and left to Wallace to support trade unions, to protect the rights of Blacks in the South and of those working in defense industries in the North and to champion the interests of the common man. Roosevelt dropped Wallace from the ticket in 1944 to get southern support to run for a fourth term. As Secretary of Commerce in President Truman’s cabinet, Wallace advocated normalizing relations with the U.S.S.R. But like his father before him, he now represented a minority view in a government dominated by industrial, military, and financial interests. At the urging of Secretary of State Byrnes, President Truman dismissed Wallace in 1946. JEL Classification: F5.

Keywords: The cold war; advocate of the common man; normalizing relations with the U.S.S.R. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:65:y:2020:i:1:p:163-176

DOI: 10.1177/0569434519827700

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