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| 1921 || || Influence || Landmark legislation [[w:Budget and Accounting Act|Budget and Accounting Act of 1921]] is crafted and passed with the lead of IGR recommendations. The legislation expands executive power in the federal budget process. President Warren Harding calls it “the beginning of the greatest reform in governmental practices since the beginning of the republic.”<ref name="A CENTURY OF IDEAS"/><ref name="brookings.edu"/>
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| 1921 || || Competition || The {{w|Council on Foreign Relations}} is established.<ref>{{cite web |title=Council on Foreign Relations |url=https://www.jstor.org/publisher/cfr |website=jstor.org |accessdate=17 January 2020}}</ref> Today it is considered among the a top Brookings competitor.<ref name="owler.com d"/>
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| 1922 || || Institutional || IGR establishes the Institute of Economics, for the “sole purpose of ascertaining the facts about current economic problems and of interpreting these facts for the people of the United States.” {{w|Chicago University}} economist {{w|Harold G. Moulton}} is named its director.<ref name="A CENTURY OF IDEAS"/><ref name="brookings.edu"/>
