Globalization

The task requires arranging the given economic events in chronological order. We need to identify the timeline of each event:

• Gold Standard - Started in the 19th century and collapsed in the 1930s. It is the earliest among the listed events, as it was the primary monetary system before Bretton Woods.
• Bretton Woods Conference - Held in 1944, this conference established the Bretton Woods system and International Monetary Fund (IMF) and World Bank post-World War II.
• Smithsonian Agreement - This was an international monetary agreement in 1971 that adjusted exchange rates and expanded SDRs after the breakdown of the Bretton Woods system.
• Establishment of WTO - The World Trade Organization was established in 1995, replacing GATT to manage international trade agreements.

Based on the order of historical occurrence, the correct sequence is:(D) Gold Standard, (B) Bretton Woods Conference, (A) Smithsonian Agreement, (C) Establishment of WTO, corresponding to (D), (B), (A), (C)

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