Contractionary monetary policy is designed to;

to oppose fdr’s new deal

explanation:

the american liberty league. the american liberty league was a nonpartisan organization formed in 1934 in opposition to the new deal. the organization's stated goal was “to defend the constitution and defend the rights and liberties guaranteed by that constitution.”

for starters, there is the structural trend of rising primary government expenditure as a share of gdp, which reached 36% in 2014, up from 22% in 1991. this increase reflected a political desire to address the poverty and inequality that had gone unaddressed during previous decades. to support the increase, brazil’s government increased taxes on consumption and promoted progress toward labor-market formalization. nonetheless, public investment, particularly in infrastructure, took a hit. in fact, with the exception of the 2005-2008 period, total investment as a share of gdp has remained below 20% since 1991.