The School of Commerce, Accounts, and Finance is founded at New York University. This is the first large scale business school in the United States. Many faculty, including Charles Ezra Sprague lecture without compensation.

Charles Ezra Sprague

Peat Marwick, Mitchell & Co. begins its first management consulting work.


Harvard Business School is founded as a "delicate experiment" in the field of professional management training. Becomes the first university to require a college degree for admission.


Frank and Lillian Gilbreth publish Bricklaying Systems, discussing their studies of the best motions and processes which could be used to lay brick. Radically improved the state-of-the-art and began an influential consulting methodology which they applied for decades afterwards.


H. L. Gantt publishes Work, Wages and Profits. The father of project management!

MONEY spent in properly studying processes and training workmen brings a return far in excess of any other investment, for not only is the wage cost per piece often cut in half and the output doubled, but the increased output is often had with practically no permanent increase of "overhead expense."

Consulting Engineer


Arthur A. Andersen and a partner found an accounting organization which today employs more consultants any other in the world. Andersen had previously served as controller of Jos. Schlitz Brewing Company and then later served on the accounting faculty at Northwestern University where he was an ardent teacher. Andersen quits Northwestern in 1922 to devote full-time to his accounting practice.


Edwin G. Booz graduates from Northwestern and goes into business for himself, performing statistical studies for like the Goodyear Tire & Rubber Company of Akron, Ohio; the Canadian Pacific Railroad; Chicago's Union Stockyards and Transit Company; and the Photographers Association of the United States. Booz is a hard-charging individualist, who begins to dispense a wide variety of management advice. He also shuns liquor and hates cigarette smoke!


Charles Dawes, a trusted adviser to General Pershing serves as a consultant to governments on organizational and budgetary matters. For example, he spends two weeks sorting out the finances of the debt-ridden Dominican Republic.

Charles Dawes

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