Henry Agard Wallace served as the 33rd Vice President of the United States, the 11th Secretary of Agriculture, and the 10th Secretary of Commerce. He founded the Progressive Party and stood as its presidential nominee in the 1948 presidential election. He strongly supported New Deal liberalism and sought conciliation with the Soviet Union.
The son of Secretary of Agriculture Henry Cantwell Wallace, Henry A. Wallace was born in Adair County, Iowa. After earning a degree in animal husbandry from Iowa State University, Wallace worked as a farmer and as a newspaper editor. He founded the Hi-Bred Corn Company, which was very successful and made Wallace wealthy. Wallace helped introduce the use of statistics and econometrics in agriculture. Starting in the 1920s, he explored various religions, becoming interested in theosophy and befriending figures such as George William Russell and Nicholas Roerich.
In 1933 President Franklin D. Roosevelt appointed Wallace as his Secretary of Agriculture. Though raised a Republican, Wallace joined the Democratic Party in 1936. As Agriculture Secretary, Wallace sought to raise farm prices and supported the ever-normal granary concept.