MARCHED OUR RAILWAYS ACROSS THE LAND, WHEN THE DAY CAME THAT THE UNITED STATES HAD CAPITAL IN ABUNDANCE TO EXPORT, IT DID SO AND BECAME THE LARGEST FOREIGN INVESTOR IN THE WORLD. IT PASSED LAWS THAT GAVE SPECIAL TAX TREATMENT TO U.S. INVESTMENTS IN WESTERN HEMISPHERE COUNTRIES, AND SET UP ITS TAX LAWS TO GIVE CREDIT TO FOREIGN TAXES PAID BY ITS NATIONALS, IT MAINTAINS THE WORLD'S MOST OPEN-DOOR POLICY TOWARD THE ENTRY OF FOREIGN INVESTMENT, WHATEVER ITS OTHER SINS, MALTREATMENT OF FOREIGN INVESTORS OR OF INVESTMENT BY U. S. NATIONALS ABROAD ARE NOT AMONG THEM, ONLY UNDER COMMUNISM HAS COLONIALISM CONTINUED. WHEN THE SECOND WORLD WAR WAS OVER, SO WAS THE OLD ORDER. IT WAS REPLACED IN PART BY GATT WHICH REDUCED TRADE BARRIERS AND PROMOTED WORLD TRADE. WORLD CURRENCIES WERE STABILIZED AT FIXED PARITIES UNDER THE INTERNATIONAL MONETARY FUND. THERE FOLLOWED UNPRECEDENTED