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The Teapot Dome scandal was a political corruption scandal in the United States involving the administration of President Warren G. Harding.It centered on Interior Secretary Albert Bacon Fall, who had leased Navy petroleum reserves at Teapot Dome in Wyoming, as well as two locations in California, to private oil companies at low rates without competitive bidding. [1]
His administration was beset by scandal in March 1922 after the president dismissed officials at the Bureau of Engraving and Printing, and the events of the larger Teapot Dome scandal began the following month when the Department of the Interior leased the Teapot Dome oil reserves to Harry Ford Sinclair. Harding was forced to personally broker ...
Albert Fall, Secretary of the Interior, was bribed by Harry F. Sinclair for control of the Teapot Dome federal oil reserves in Wyoming. He was the first U.S. cabinet member to ever be convicted; he served two years in prison. (1922) [122] Edwin C. Denby, Secretary of the Navy, resigned for his part in the Teapot Dome oil reserve scandal. [123]
The scandal which has likely done the greatest damage to Harding's reputation is Teapot Dome. Like most of the administration's scandals, it came to light after Harding's death, and he was not aware of the illegal aspects. Teapot Dome involved an oil reserve in Wyoming which was one of three set aside for use by the Navy in a national emergency.
As an indication of this scandal's size, Martin Mayer wrote at the time, "The theft from the taxpayer by the community that fattened on the growth of the savings and loan (S&L) industry in the 1980s is the worst public scandal in American history. Teapot Dome in the Harding administration and the Credit Mobilier in the times of Ulysses S. Grant ...
The Los Angeles authorities immediately blamed Plunkett in the murder-suicide. In addition to the indictment of Edward Doheny in the Teapot Dome scandal, both Doheny and Plunkett had been indicted in the alleged bribe of Albert Fall—as Ned (accompanied by Plunkett) had delivered the money. They had already gone through some trials.
Between 1921 and 1922, Sinclair leased oil production rights to Teapot Dome in Wyoming without competitive bidding. This led to the Teapot Dome scandal. [8] At the same time, Sinclair Oil was approached by the Italian fascist government.
January 26 – Coolidge announces a special counsel to investigate the Teapot Dome scandal. [6] February 8 – Coolidge ends the leases that were created as part of the Teapot Dome scandal. [7] February 11 – The Senate passes a resolution 74-34 demanding the removal of Edwin Denby as Secretary of the Navy due to his involvement in the Teapot ...