"Classical liberalism, contrary to liberal branches like social liberalism, looks more negatively on social policies, taxation and the state involvement in the lives of individuals, and it advocates deregulation.[10] Until the Great Depression and the rise of social liberalism, it was used under the name of economic liberalism. As a term, classical liberalism was applied in retronym to distinguish earlier 19th-century liberalism from social liberalism.[11] By modern standards, in the United States, simple liberalism often means social liberalism, but in Europe and Australia, simple liberalism often means classical liberalism.[12][13]
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In the United States, classical liberalism may be described as "fiscally conservative" and "socially liberal". Despite this context, classical liberalism rejects conservatism's higher tolerance for protectionism and social liberalism's inclination for collective group rights, due to classical liberalism's central principle of individualism.[14] Classical liberalism is also considered closely tied with right-libertarianism in the United States.[15] In Europe, liberalism, whether social (especially radical) or conservative, is classical liberalism in itself, so the term classical liberalism mainly refers to centre-right economic liberalism.[16]
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"Liberal" in the US -> some social freedoms, but restricted in certain ways + economic restrictions.
"Liberal" outside the US -> social freedoms + economic freedoms.
I learned this as an American abroad when someone called me, who would generally be seen as conservative / libertarian in the US, "very liberal" when discussing gay rights (pro), gun rights / armed self-defense (pro), and abortion rights (pro-choice).
Supporting gay rights and being pro-choice is seen as conservative??
Republican = social restrictions + economic freedoms