The technology, logistics, and communication of the north that allowed them to defeat the south is because of their skill of having to manufacture supplies and weapons that they need for the war. They were able to create more weapons and be able to hire more soldiers.
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National debt is the total amount amount of money that a government has borrowed. National deficit is total of all previous annual government deficits. Keep in mind that a deficit is the difference between what a government takes in and what it spends. The two are related because when the government is unable to fully repay any debt it has accrued that money becomes a part of the annual national deficit. So as the amount of national debt increases so does the amount of national deficit.
Yes, credit is good for the economy, because it helps it.
No, they shouldn't, because there are certain people to do that for them.
A financial institution is an establishment that conducts financial transactions such as investments, loans and deposits.
Can't answer the last one, sorry! Hope this helps.
C they were devastated by european diseases.
The Southerners opposed industry because their main revenue came from exported crash crops grown in plantations. The Southerners saw no need to incorporate industry since they thought it would not be useful at all.
