Articles on Harold Holt

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Arthur Caldwell almost defeated Robert Menzies in the 1961 federal election, dominated by debate over the economy and unemployment. National Archives, National Library of Australia, Wikimedia

Issues that swung elections: the ‘credit squeeze’ that nearly swept Menzies from power in 1961

In 1960, Harold Holt, the then-treasurer, urged the government to abolish import restrictions, resulting in a minor recession. This nearly swung the election in the ALP's favour.

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