Actually it was just called the “Progressive Party”.
It’s a shame Wallace got dumped from the ticket in ‘44. He would have been obliterated as the rat nominee in ‘48. That is if we could have avoided him turning the country into the USSSA in the meantime. Or a vassal state of the Japan Empire.
I'm glad he never became president. He might have decided to invade Japan rather than drop the atomic bomb just so the US would be too weak to prevent the Soviets from dominating Europe.