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
Presidency of James Monroe Monroe appointed a geographically-balanced cabinet, through which he led the executive branch. At Monroe's request, Crawford continued to serve as Treasury Secretary. Monroe also chose to retain Benjamin Crowninshield of Massachusetts as Secretary of the Navy and Richard Rush of Pennsylvania as Attorney General. Recognizing Northern discontent at the continuation of the Virginia dynasty, Monroe chose John Quincy Adams of Massachusetts to fill the prestigious post of Secretary of State, making Adams the early favorite to eventually succeed Monroe as president. An experienced diplomat, Adams had abandoned the Federalist Party in 1807 in support of Thomas Jefferson's foreign policy, and