U.S and World.
Teapot Dome Scandal.
The Teapot Dome Scandal was an unprecedented bribery scandal and investigation during the White House administration of United States President Warren G. Harding. It was regarded as the benchmark in political corruption in the United States until Watergate. Fairly or not, the scandal also was a key factor in posthumously destroying the public reputation of Harding, who was extremely popular at the time of his death in office in 1923.

Teapot Dome is an oil field on public land in the U.S. state of Wyoming, so named for Teapot Rock. In 1921, by executive order of President Harding, control of U.S. Navy petroleum reserves at Teapot Dome in Wyoming and at Elk Hills and Buena Vista in California, were transferred from the U.S. Navy Department to the Department of the Interior. The petroleum reserves had been set aside for the Navy by President Taft. In 1922, Albert B. Fall, U.S. Secretary of the Interior, leased, without competitive bidding, the Teapot Dome fields to Harry F. Sinclair of Sinclair Oil, and the field at Elk Hills, California, to Edward L. Doheny. In 1922 and 1923, these transactions became the subject of a sensational U.S. Senate investigation conducted by Senator Thomas J. Walsh.

It was found that in 1921, Doheny had lent Fall $100,000, interest-free, and that upon Fall's retirement as Secretary of the Interior, in March 1923, Sinclair also lent him a large amount of money. The investigation led to criminal prosecutions. Fall was indicted for conspiracy and for accepting bribes. Convicted of the latter charge, he was sentenced to a year in prison and fined $100,000: The same amount that Doheny had lent him. In another trial for bribery Doheny and Sinclair were acquitted, although Sinclair was subsequently sentenced to prison for contempt of the Senate and for employing detectives to shadow members of the jury in his case. The oil fields were restored to the U.S. government through a Supreme Court decision in 1927.

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U.S. Presidents during the 20’s

Woodrow Wilson (1913-1921)
-Thomas R. Marshall (1913-1921)

Warren G. Harding (1921-1923)

-Calvin Coolidge (1921-1923)

Calvin Coolidge (1923-1929)

- None
Charles Dawes (1925-1929)

Herbert Hoover (1929-1933)

-Charles Curtis (1929-1933)


World Headlines!
1920
· The League of Nations is formed in Paris.
· Nineteenth Amendment gives U.S. women the right to vote.
· American Professional Football Association formed.
· World population was 1.8 billion.
· Prohibition of alcohol takes effect in the United States.
1921
· Warren G. Harding takes office as President.
· Albert Einstein wins Nobel for photoelectric effect.
· KDKA transmits from Pittsburgh as the first commercial radio station.
· The Unknown Soldier is buried at Arlington.
1922
· Mussolini forms fascist government in Italy.
· Gandhi sentenced to six years in prison for civil disobedience.
· Ulysses by James Joyce is published, U.S. post office burns copies.
· Neils Bohr wins Nobel for work on atomic theory.
· Soviet states merge into U.S.S.R.
1923
· Process for sound motion pictures developed.
· 200,000 attend Klan rally in Kokomo.
· First swimmer crossing of the English Channel.
· Calvin Coolidge succeeds the late Warren Harding as President.
1924
· U.S. Immigration rules ban Japanese.
· Calvin Coolidge wins presidential election.
· J. Edgar Hoover is appointed director of the FBI.
· The first Winter Olympics are held with 16 nations competing.
1925
· Hitler publishes Mein Kampf.
· F. Scott Fitzgerald's The Great Gatsby published.
· Scopes trial starts controversy over teaching evolution.
· The Charleston is the dance of the Jazz Age.
1926
· Republic of Lebanon proclaimed.
· Milne published Winnie The Pooh.
· Fritz Lang's movie Metropolis hits theaters.
· U.S. population is 115 million.
1927
· Charles Lindbergh makes first trans-Atlantic crossing.
· Leon Trotsky kicked out of Russia's Communist Party.
· The first "talkie" movie, The Jazz Singer, released.
1928
· Chiang Kai-Shek elected President of China.
· Herbert Hoover elected U.S. President.
· Alexander Fleming discovers penicillin.
· Mickey Mouse is "born."
· First scheduled TV programs broadcast.
1929
· U.S. Stock Exchange collapses, economic crisis worldwide.
· Arab-Jew dispute flares in Palestine.
· Thomas Wolfe publishes Look Homeward, Angel.
· U.S. produces more than a third of the world's goods.


The Stock Market Crashes

During the 1920's the economy of American was souring, stocks were on the rise and everyone had money. then one day in 1929 the stock market crashed. it plumited and everyone rushed the banks to get their money and many lost all their life savings. people ended up having to live on the roads and in their cars they had no houses because they would have to sell them for money, plantation owners sold their land for money and breadlines were formed. breadlines were lines of men only that would wait to recieve bread to eat for their family. when the stock market crashed many peoples world was turned upside down and noone knew what to do for their family and had no idea how to survive anymore.

Stock Market Crash of 1929 Chart
Stock Market Crash of 1929 Chart