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Paramount Victory Short No. T2-3: The Price of Victory (1942)

Vice-President narrates a patriotic, propaganda short designed to boost morale in the the early days of World War II.


William H. Pine


Maxwell Shane
Nominated for 1 Oscar. See more awards »


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Credited cast:
Henry Wallace Henry Wallace ... Himself / narrator


Vice-President narrates a patriotic, propaganda short from his office in Washington designed to boost morale in the the early days of World War II. He cites the Four Freedoms and explains the reasons why the axis powers must be defeated and the costs that victory will have to the American people. Archival footage and excerpts from commercial films are used. Written by duke1029@aol.com

Plot Summary | Add Synopsis


Documentary | Short | War







Release Date:

3 December 1942 (USA) See more »

Also Known As:

The Price of Victory See more »

Company Credits

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Technical Specs


Sound Mix:

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Did You Know?


Henry Wallace: This is a fight between the slave world and the free world.
See more »


Features Wake Island (1942) See more »


The Battle Hymn of the Republic
Music by William Steffe (1856)
Lyrics by Julia Ward Howe (1862)
Instrumental versions used as background music
See more »

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User Reviews

Henry A. Wallace 1888-1965
24 November 2014 | by bkoganbingSee all my reviews

This Paramount short subject got an Oscar nomination for 1942 and it's a speech delivered fireside chat style by the then Vice President Henry A. Wallace. He was the second of FDR's three Vice Presidents and a most controversial figure of the time.

Wallace was a man literally forced on the Democratic convention of 1940 by FDR to party bosses who knew that without him their chances of victory were dubious. He was the Secretary of Agriculture and maybe the best man ever to hold that position. His constituency was the left and far left of the Democratic party. What Wallace was doing here was trying to bring a little of the New Deal idealism to the war effort.

The guy who got forced also got dumped in the following term for Harry S. Truman and the result was history. Wallace made a lot of enemies on his own both foreign and domestic. Note his mentioning among other places that were fighting for freedom was India. Only they were fighting against our British allies. You can bet Churchill who was adamantly opposed to Indian independence was not pleased when he heard Wallace speak from the cinema. Wallace also included the Russian Revolution as part of the continuing struggle for the common man. Those who survived the atrocities committed on either side wouldn't have found those remarks inspiring.

The most interesting thing I found that this most liberal of all New Dealers who was a civil rights advocate before it was popular used the negative ethnic slur 'Jap' to describe one of our enemies. Not uncommon as everyone referred to the Japanese that way. Certainly war films kept doing so for at least 20 years after World War II ended. Coming from Wallace though was somewhat disconcerting.

To this day a controversial figure among historians this film gives you some idea of the ideas Henry A. Wallace advanced, some remarkably ahead of their times, some of them even now.

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