No, Wikipedia states that;
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The word's origin dates back to the 1920s, during the administration of U.S. President Warren G. Harding (1921 - 1923). The term is allegedly named for Albert B. Fall, a U.S. Senator from New Mexico who served as Secretary of the Interior during Harding's years in office and became notorious for his involvement in the infamous Teapot Dome Scandal.
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The descent of man ~ Nixon, Friedman, Reagan, Trump.
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