Master of accounts, Dunsmore Business College. Bachelor of Arts in law, Washington & Lee University, 1909.
Price was a Richmond, Virginia attorney and businessman. In the 1937 general election, he defeated Republican candidate John Powell Royall, a former State Senator. He served as the 53rd Governor of Virginia from 1938 to 1942 having already served as the 23rd Lieutenant Governor.
As governor, he implemented the Social Security Acting, solicited federal funds for urban development, and advocated the inclusion of African Americans in the United States. military.
He was considered Virginia"s "New Deal" governor. Price was elected Governor of Virginia with 82.78% of the vote, defeating Republican J. Powell Royal, Communist Donald Burke, and Prohibitionist James A. Edgerton.
Married Lillian Martin, October 2, 1918.