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Period: to
43 - 46 Labor Government
Curtin, Forde, Chifley -
Period: to
49 - 71Coalition Governments
Menzies, Holt, McEwen, Gorton, McMahon -
Bretton Woods system collapses
United States suspends convertibility of dollar into gold – Bretton Woods system collapses. Wiki:
The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold. -
Period: to
72 - 74 Labour (Whitlam)
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1973 - Tariff Cut by Whitlam Government
25% tariff cut across the board. The aim was to reduce inflation by allowing foreign goods to enter Australia more freely. Unions opposed it but this was characteristic of Whitlam's "mandate"-based politics which largely excluded unions. (Gwynneth Singleton, The Accord, 1990) -
Period: to
75 - 80 Liberal Government (Fraser)
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Period: to
83 - 90 Hawke Government
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Period: to
91 - 96 Keating Government
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Period: to
96 - 07 Howard Government
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Period: to
07 - 13 Howard / Gillard
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Period: to
2013 - 2022 Abbott, Turnbull, Morisson
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Period: to
22 - 23 Albanese Government