What was our fear of the red and yellow peril?

Answer 1

Red stood for the Governments that are to Australia's north and yellow referred to the colour of the Chinese who were communists (reds) Australians were fed a steady diet of terror stories about the eventual flood of Communist Chinese invaders that were about to rush their country. This Propaganda was fed to Australians in order to get them to fight in American wars in the Middle East, which in turn had trade benefits for Australia.

Answer 2

Yellow Peril was associated with the fear of Japanese military expansion that eventually extended to all of the East and Southeast Asian areas. Red Peril was associated with the fear of communism spreading.

Answer 3

It was a racial epithet directed against persons of Asian descent that was fashionable in Europe and America in the late nineteenth and twentieth centuries.