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Anti-Americanism, sometimes called the 'last acceptable prejudice', is a common phenomenon in the modern era. This paper explores the ebb and flow of anti-Americanism in the Australian Labor Party in the post-Second World War period and argues that while at times it was reasonable or proportionate, at others such criticism became unreasonable, disproportionate and therefore prejudicial. When this occurs the Australia-US alliance can become strained, the Australian electorate tends to become sceptical of the ALP's credentials on national security and the party's electoral prospects also tend to suffer. Nevertheless, following the brief leadership of the stridently anti-American Mark Latham, such sentiment in the ALP has been widely discredited and is unlikely to emerge again in its prejudicial form for some time, marking the end of an era. [ABSTRACT FROM AUTHOR]