Why was the Teapot Dome Scandal important?

The Teapot Dome scandal of the 1920s involved national security, big oil companies and bribery and corruption at the highest levels of the government of the United States. It was the most serious scandal in the country’s history prior to the Watergate affair of the Nixon administration in the 1970s.Click to see full answer. Considering this, what was the purpose of the Teapot Dome Scandal?Convicted of accepting bribes from the oil companies, Fall became the first presidential cabinet member to go to prison; no one was convicted of paying the bribes. Before the Watergate scandal, Teapot Dome was regarded as the “greatest and most sensational scandal in the history of American politics”.Additionally, why did the government establish federally owned oil reserves? The Strategic Petroleum Reserve (SPR), the world’s largest supply of emergency crude oil, was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program. Thereof, how did the Teapot Dome scandal affect Harding? The Teapot Dome Scandal was an American political scandal of the early 1920s. It involved the secret leasing of federal oil reserves at Elk Hills, California, and Teapot Dome, Wyoming, by Albert Bacon Fall—U.S. Pres. Warren G. Harding’s secretary of the interior—to oil tycoons Edward L.Why is Warren G Harding important?Warren Gamaliel Harding (November 2, 1865 – August 2, 1923) was the 29th president of the United States from 1921 until his death in 1923. A member of the Republican Party, he was one of the most popular U.S. presidents to that point. Harding is often rated as one of the worst presidents in historical rankings.