Teapot Dome scandal Teapot Dome was regarded as the "greatest and most sensational scandal in the history of American politics". It damaged the reputation of the Harding administration, which was already severely diminished by its controversial handling of the Great Railroad Strike of 1922 and Harding's veto of the Bonus Bill in 1922. In the early 20th century, the U.S. Navy largely converted from coal to fuel oil. To ensure that the Navy would always have enough fuel available, several oil-producing areas were designated as naval oil reserves by President Taft. In 1921, President Harding issued an executive order that transferred control of
Barmat scandal the Barmat scandal (particularly a result of the right-wing vilification against the Prussian government). Julius and Henry Barmat met with Dr. Anton Hofle, the Minister of Posts, in June 1924 and paid him bribes of some 120,000 Reichmarks over several months (In January 1924 hyperinflation had begun to be tackled with the “Rentenmark” so that by June 1924 120,000 Marks was worth something). They then borrowed 14.5 million Marks from the national Postal Department in September 1924. The loan was not secured and the Republic's money was lost when Barmat's investment speculations turned sour. Hofle resigned his Reichstag seat on