Presidency of James Monroe Party faded as a national institution during his presidency. The Democratic-Republicans also stopped functioning as a unified political party, and the period during which Monroe served as president is often referred to as the "Era of Good Feelings" due to the lack of partisan conflict. Domestically, Monroe faced the Panic of 1819, the first major recession in the United States since the ratification of the Constitution. He supported many federally-funded infrastructure projects, but vetoed other projects due to constitutional concerns. Monroe supported the Missouri Compromise, which admitted Missouri as a slave state but excluded slavery in the remaining territories north
James Monroe Smith James Monroe Smith James Monroe Smith Sr. (October 9, 1888 – June 6, 1949), was the president of Louisiana State University in Baton Rouge, Louisiana, during the 1930s. He was imprisoned for forgery, embezzlement, mail fraud, and income tax evasion in what is known as the Louisiana Hayride of 1939. Smith was born near Jonesboro in rural Jackson Parish in north Louisiana to John Henry Smith and the former Mary Adney Sims. He was educated at Valparaiso University in Valparaiso, Indiana and at LSU, from which he received his Bachelor of Arts degree in 1921. He engaged in graduate studies