Microeconomics can be defined as a branch of economics where the behavior of individuals and small impacting organizations are studied, where each of these decisions are allocated of limited resources. Microeconomics looks at these behaviors and investigates how it affects the supply and demand of the goods and how this affects the pricing. Macroeconomics studies the total economic activity regarding growth, inflation and unemployment and can deal with national economic policies.
Several factors led to the rise of U.S. industrialization in the late 1800’s. New technologies like steam engines, railroads, and telegraphs made communication and transportation easier. The ability to source and transport materials across the country with ease turned many local businesses into national companies. Workplace innovations, such as the assembly-line method of production, allowed these companies to produce goods on a mass scale.
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The reasons why President Lincoln believed that the U.S soldiers were fighting for during the American Civil War is that he had high hopes of preserving the union as well as helping the union survive. President Lincoln had only one goal in this Civil War and it was to restore the union. Hope this helps.