The increasing connectivity of world economies during the 20th century was exemplified by events such as the establishment of the Bretton Woods system in 1944, which created a framework for international monetary cooperation. The rise of multinational corporations and advancements in communication and transportation technology facilitated global trade, making markets more interdependent. Additionally, the formation of organizations like the World Trade Organization (WTO) in 1995 further promoted economic integration and reduced trade barriers among nations. These developments collectively illustrate the growing interlinkage of global economies throughout the century.
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