Business,empire and the United Australia party

This article presents an analysis of the political economy of the United Australia Party (UAP) mainly while in government There are discussions of decisions and policies relating to tariffs, the exchange rate and trade relations with the United Kingdom. Through four case studies of policy‐making it deals with two interrelated aspects of this political economy. The first aspect focuses on conflicts between key business groupings and how UAP government policies were shaped in part by a need to negotiate compromises between these business groupings in the context of wider economic problems. The second aspect deals with relations between the UAP government and British manufacturers and banks. It shows that Australian politicians and institutions possessed considerable independence and bargaining power.