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
The Great Salad Oil Swindle The Great Salad Oil Swindle The Great Salad Oil Swindle is a book by "Wall Street Journal" reporter Norman C. Miller about Tino De Angelis, a New Jersey-based wholesaler and commodities trader who bought and sold vegetable oil futures contracts. The book was published in 1965 by Coward McCann. In 1963, De Angelis was responsible for a major financial scam, attempting to corner the market for soybean oil, which can be used in salad dressing. In the aftermath of the Salad Oil Scandal, investors in 51 banks learned that he had swindled them out of about $175 million in total