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 into the fold, with the ultimate aim being the dissolution of the Federalists. Monroe made two long national tours to build national trust. At Boston, his 1817 visit was hailed as the beginning of an "Era of Good Feelings." Frequent stops on these tours allowed innumerable ceremonies of welcome and expressions of good will. Monroe was seen by more Americans than any previous president, and his travels were reported on in detail in the local and national press. The Federalists failed to develop a unified national program, and Federalist candidates frequently campaigned on local rather than national issues. The Federalists