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==History== The town was named for the original owner of the town site.<ref>{{cite book|author=Federal Writers' Project|author-link=Federal Writers' Project|title=South Dakota place-names, v.1-3|url=http://babel.hathitrust.org/cgi/pt?id=mdp.39015027015455;view=1up;seq=165|year=1940|publisher=University of South Dakota|page=66}}</ref> Wallace is the birthplace of [[Hubert Humphrey]], the [[List of vice presidents of the United States|Vice President of the United States]] from 1965 to 1969. Hubert Humphrey was born in a room over his father's drugstore in Wallace. He was the son of Ragnild Kristine Sannes (1883β1973), a Norwegian immigrant, and Hubert Horatio Humphrey Sr. (1882β1949). Humphrey spent most of his youth in nearby [[Doland, South Dakota|Doland]], a town with a population of approximately 600. His father was a licensed pharmacist and merchant who served as mayor and a town council member; he also served briefly in the South Dakota state legislature and was a South Dakota delegate to the [[1944 Democratic National Convention|1944]] and [[1948 Democratic National Convention|1948]] Democratic National Conventions. In the late 1920s, a severe economic downturn hit Doland; both of the town's banks closed and Humphrey's father struggled to keep his store open. After his son graduated from Doland High School, Hubert Sr. left the area and opened a new drugstore in the larger town of [[Huron, South Dakota|Huron]] (population 11,000), where he hoped to improve his fortunes.
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