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Teapot Dome Scandal

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Perhaps, the worst scandal of Harding's administration was the Teapot Dome Scandal, named for the Teapot Dome oilfield in Wyoming. Secretary of the Interior Albert B. Fall, a Kentuckian, rented government lands to oil companies in return for personal loans and gifts. The land in question existed in California and Wyoming. The federal government currently was holding oil under this land as a reserve for the United States Navy, but Fall decided to lease the land illegally to Mammoth Oil Company and to the Pan American Petroleum Company in return for the personal loans. In the end, Fall received approximately 404,000 dollars in loans or gifts from these two oil companies. Eventually the United States Senate launched an investigation of Fall's actions. He was found guilty of accepting money in return for the oil leases. Fall was convicted, fined 100,000 dollars and sentenced to one year in prison. The oilfields were returned to the United States Navy.
[[Category:History]] [[Category:Events]]
[[Category:The Progressive Era]]
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