What year was the teapot dome scandal?

The Teapot Dome Scandal occurred in the United States during the early 1920s, specifically in the years 1921 to 1923. It was a major political scandal that involved the secret leasing of government-owned oil reserves at Teapot Dome, Wyoming, and Elk Hills, California, to private oil companies.

The scandal began when the U.S. Navy Secretary, Edwin Denby, appointed by President Warren G. Harding, transferred control of the naval oil reserves to the Department of the Interior in 1921. Secretary of the Interior Albert B. Fall then secretly leased the reserves to two private oil companies, the Sinclair Oil Corporation and the Mammoth Oil Company, without competitive bidding. In return, Fall received significant personal loans from the owners of the companies, which amounted to almost $400,000 (equivalent to over $6 million today).

The scandal was exposed by Senator Harry S. New of Indiana in 1923, leading to a Senate investigation and widespread media coverage. As a result, Fall resigned from his position and was later convicted of accepting bribes and sentenced to one year in prison. The scandal also tarnished the reputation of President Harding, who died in office before the scandal fully unfolded.

The Teapot Dome Scandal had a significant impact on U.S. politics and government ethics. It led to the passage of the Federal Corrupt Practices Act in 1925, which prohibited federal officials from receiving campaign contributions from private corporations. The scandal also highlighted the importance of transparency and accountability in government dealings with private businesses.

In conclusion, the Teapot Dome Scandal occurred during the early 1920s and involved the secret leasing of government-owned oil reserves to private companies in exchange for personal loans to government officials. The scandal led to resignations, convictions, and important changes in government ethics laws.

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