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Warren G. Harding is inaugurated as the 29th President of the United States on March 4, 1921. He focused on reducing taxes and promoting business growth, limiting government involvement in the economy. Harding died in office on August 2, 1923 and was succeeded by Vice President Calvin Coolidge.
His administration was marred by the "Teapot Dome scandal" a major government corruption scandal where President Harding's Secretary of the Interior, Albert Fall secretly leased government oil reserves (like Wyoming's Teapot Dome) to private oil companies taking bribes from Oil men Harry Sinclair and Edward Doheny in exchange for these deals. He became the first cabinet member to go to prison for such crimes.
