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From the acclaimed economist-historian and author of The Marshall Plan comes a dramatic and powerful new perspective on the political career of Henry Wallace - a perspective that will forever change how we view the making of US and Soviet foreign policy at the dawn of the Cold War.. Henry Wallace is the most important, and certainly the most fascinating, almost-president in American history. As FDR's third-term vice president, and a hero to many progressives, he lost his place on the 1944 Democratic ticket in a wild open convention, as a result of which Harry Truman became president on FDR's death. Books, films, and even plays have since portrayed the circumstances surrounding Wallace's defeat as corrupt, and the results catastrophic. Filmmaker Oliver Stone, among others, has claimed that Wallace's loss ushered in four decades of devastating and unnecessary Cold War.