Joe Root and Eoin Morgan continued to collect runs and find boundaries on a consistent basis as Australia's bowlers wilted at Edgbaston.
Jason Roy (85) and Jonny Bairstow (34) made the chase look like a cakewalk with their fourth successive century opening partnership.
Strauss was the man behind the appointment of England head coach Trevor Bayliss and urged the European Central Bank to place more emphasis on white-ball cricket during his tenure, which has seen them rise to the top of the one-day global team rankings.
"Looking back to where we were in 2015 compared to now it's such a dramatic improvement and everyone in the dressing room deserves a huge amount of credit". Everyone in the dressing-room can take credit. Having managed to evade his issues with the incoming delivery so far in the tournament, Finch was done in by a beauty from Jofra Archer.
By then, the setback had snowballed into a full-blown crisis for Australia.
With the score on 175/7 after 40 overs, it was all about aggression with an eye on the wickets column for the Australian duo of Smith and Mitchell Starc.
Archer oozed hostility at the other end, hitting a hopping Carey on the grill of his helmet and dislodging it from his head. "He brought Archer back earlier to go for it and (Adil) Rashid was the real ace for Morgan today".
Steve Smith was later run out on 85 runs as Australia finished up below-par 223 runs.
While Australia lick their wounds before facing England in the Ashes next month, the progress of Morgan´s team comes after a four-year overhaul.
Roy smashed his fourth consecutive fifty in the tournament, clobbering Smith for three sixes in a row.
Australia did strike twice to send back Bairstow (leg before off Mitchell Starc) and Roy (caught by Alex Carey down the leg side off Pat Cummins), but it was a little too late in the day as the duo of Root and Morgan ensured that there were no further hiccups.
"I'm pretty speechless" said Woakes after England reached the final for the first time since 1992. "We came here wanting to win but it wasn't to be".