1924 United States presidential election in Utah 1924 United States presidential election in Utah The 1924 United States presidential election in Utah took place on November 4, 1924. All contemporary forty-eight states took part, and Utah voters selected four voters to the Electoral College, who voted for president and vice president. Rapid recovery of the economy from a sharp recession following World War I transformed the 1920s into a strongly Republican decade. Even the problematic issue of a farm depression had eased by the time of the election as prices recovered. It was also widely thought that the Teapot Dome scandal could do nothing to revive the
Salad Oil scandal fell drastically as a result, causing the investors to attempt to cash in – American Express was one of the biggest casualties. Its stock dropped more than 50% as a result of the scandal, which cost the company nearly $58 million. De Angelis was convicted of fraud and conspiracy charges in connection with the scandal and served seven years in prison, gaining his release in 1972. Notes Salad Oil scandal The Salad Oil scandal, also referred to as the "Soybean Scandal", was a major corporate scandal in 1963 that ultimately caused over $150 million – approximately $1.45 billion in 2017