albert fall and private oil companies
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Calvin Coolidge was the veep when Harding died and so became president.
The Teapot Dome scandal became infamous during the administration of Warren G. Harding. Albert Fall, the Secretary of the Interior was convicted to accepting bribes from private oil companies to acquire oil leases on federal lands such as the Tea Dome in Wyoming.
President Harding's Secretary of the Interior was the grandest thief in the administration which was raked with scandals. Albert B. Fall leased the navy''s oil reserves at Teapot Dome, Wyoming and in Elk Hills, California, to two questionable "businessmen," Harry Sinclair and Edward L. Doheny. In return for the oil, Fall received "loans" from the two men of about $300,000. Fall also convinced the President to transfer the oil reserves from the Navy to the Interior Department. Fall became the first Secretary of the Cabinet to serve a prison sentence. The teaqpot come scandal is named for the Teapot Dome, a rock formation in Wyoming that looks like a teapot. It was in the area of a large oil reserve owned by the U.S. Government. The scandal was over bribes for drilling rights to oil in that area paid to Albert Fall, who was the Secretary of the Interior. Accusations of the bribery money went all the way to President Warren Harding, and seriously damaged his reputation and presidency.
The Watergate scandal began on 17 June 1972. This was during the term of Richard M. Nixon (1969-1974).
The watergate affair became a scandal because the Nixon administration attempted to cover it up. when asked to give tapes of conversations about the break-in to the supreme court, nixon refused.