USA HISTORY

Detailed explanation-1: -On the previous day, the Wall Street Journal had reported an unprecedented secret arrangement in which the secretary of the Interior, without competitive bidding, had leased the U.S. naval petroleum reserve at Wyoming’s Teapot Dome to a private oil company.

Detailed explanation-2: -Warren G. Harding and his cabinet (1921). During the Harding administration, several members of the Ohio Gang became involved in financial scandals. These included the Teapot Dome scandal and apparent malfeasance at the U.S. Department of Justice, some of which ended in prison terms and a suicide.

Detailed explanation-3: -Secretary of the Interior Albert Bacon Fall 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. The leases were the subject of a seminal investigation by Senator Thomas J. Walsh.

Detailed explanation-4: -Definition: The Teapot Dome Scandal involved Secretary of the Interior Albert Fall, who accepted large sums of money and valuable gifts from private oil companies. In exchange, Fall allowed the companies to control government oil reserves in Elk Hills, California, and Teapot Dome, Wyoming.