For what purpose did some businessmen and politicians establish the liberty league in 1934?

The Liberty League was established in 1934 by a group of wealthy businessmen and conservative politicians with the main purpose of opposing the policies of President Franklin D. Roosevelt's New Deal. They believed that the New Deal's extensive government programs and regulatory interventions in the economy were forms of overreach which threatened private enterprise and individual freedoms.

Members of the Liberty League argued that the New Deal legislation was undermining the constitutional foundations of the United States, particularly the principles of limited government and the sanctity of private property. They feared that the continued expansion of government power would lead to the erosion of civil liberties and the creation of an authoritarian state.

Thus, the Liberty League was organized to promote a political and economic philosophy of laissez-faire capitalism, advocate for the protection of personal liberties and property rights, and support candidates who aligned with these principles. They campaigned against New Deal measures, lobbied for the interests of business owners, and even brought legal challenges against some New Deal laws, which led to several significant Supreme Court cases.