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In 1940, he was the Republican vice presidential nominee, a western farm leader chosen to balance the ticket of presidential nominee Wendell Willkie, a pro-business leader from the east.
The two men differed on many issues.
Writing for Life magazine shortly before the general election in 1940, Richard L. Neuberger said, " Whether as Vice President of the U. S. Charley McNary can keep on endorsing Government-power projects, isolation, high tariffs and huge outlays for farm relief under a President who believes in none of these things remains to be seen.
" McNary's acceptance speech re-iterated his support for the Tennessee Valley Authority, a federally owned power-producing corporation that Willkie as " the head of a far-flung utilities empire " had opposed.
During the campaign, McNary promoted farming issues and criticized foreign trade agreements that he said had " closed European markets to our grain, meat, fruits and fiber.
" The Willkie – McNary ticket lost the Electoral College to President Roosevelt and Henry A. Wallace, 449 to 82.

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