Vii Economic Development ( Trade,
Exploration, Prosperity And
Depression) Latest 2026/2027 Actual
Exam Questions With Correct
Answers 100% Verified Graded A+
1. WhatmwasmthemroughmestimationmofmthempopulationmofmEnglandmatmthembeginningmofmthem
15thmCentury?m-mCORRECTmANSWERm2.2mmillion
2. AftermthemBlackmDeathmtheremwasmamgeneralmdeclineminmthemincomemraisedmfrommland.mTh
eremwasmalsomamnoticeablemshiftminmfarmingmatmthismtime.mWhatmwasmthis?m-
mCORRECTmANSWERmAmgreatermshiftmtowardsmsheepmfarming
3. WhatmpercentagemofmthemvaluemofmEnglishmexportsmwasmattributedmtomthemclothmtrade?m-
mCORRECTmANSWERmThemclothmtrademwasmresponsiblemformaroundm90%mofmthemvaluemofm
Britishmexports.mJackmLandermhasmestimatedmthatmtheremwasmanmincreasemofmoverm60%minm
themvolumemofmclothmexportsmduringmHenrymVII'smreign.
4. Explainmthemimportancemofm'ThemMerchantmAdventurers'm.m-
mCORRECTmANSWERmFoundedminm1407mitmwasmthemwealthiestmandmmostminfluentialmcomp
anymofmthemCitymofmLondon.mAnmincreasingmproportionmofmthemfinishedmclothmwasmexporte
dmfrommLondonmthroughmthemMerchantmAdventurersmtomAntwerp.
5. ExplainmthemsignificancemofmthemHanseaticmLeague.m-
mCORRECTmANSWERmThemMerchantmAdventurersmcouldmnotmachievemcompletemdominatio
nmofmtradembecausemofmthemHanseaticmLeaguemwhichmhadmbeenmreassertedmbymtreatyminm1
474mandm1504.HenrymVIImmaymhavemdonemthismsomtheymwouldmnotmsupportmthemYorkistmcl
aimmtomthemthronemthemEarlmofmSuffolk.