structural:scholar_edition, structural:summarization
Alliances (1950–1972)

As Britain struggled to enter the Common Market in the 1960s, Australia saw that its historic ties with the mother country were rapidly fraying. Canberra was alarmed but kept a low profile, not wanting to alienate London. Russel Ward states that the implications of British entry into Europe in 1973: "seemed shattering to most Australians, particularly to older people and conservatives." Carl Bridge, however, points out that Australia had been "hedging its British bets" for some time. The ANZUS treaty and Australia's decision to enter the Vietnam War did not involve Britain and by 1967 Japan was Australia's leading export partner and the US her largest source of imports. According to Bridge, Australia's decision not to follow Britain's devaluation of her currency in 1967 "marked the demise of British Australia."