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In terms of party politics, one of the most significant features of Holt's brief tenure as PM is that his unexpected death triggered the beginning of an unprecedented period of turmoil within the Liberal Party and a rapid decline in the Coalition's electoral fortunes.
For twenty-two years, from its founding in 1944 to his retirement in 1966, the Liberal Party had had only one leader, Robert Menzies.
After Menzies ' retirement, the party had three leaders in six years -- Holt, Gorton and William McMahon.
In December 1969, the ALP under Gough Whitlam came within four seats of ending the Coalition's hold on power before winning a convincing victory in 1972.

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