New Guard and Jack Lang
International communism may have been seen by the New Guard as a potential threat. However, in New South Wales, Jack Lang's Labor Party government, which was elected in October, 1930, posed a more immediate problem. Many of the reform policies that Lang introduced during his term were not welcomed by the New Guard. In particular, his administration sought to default on foreign debt repayments at the height of the Great Depression. Much of the debt was owed to financial institutions in Great Britain. This step was therefore regarded as treasonous and disloyal to that country.
The New Guard also sought to oppose the doctrines and activities of communists in Australia. However, once Lang and the Australian Labor Party were defeated in the elections of 11 June 1932, the New Guard lost its momentum.
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