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 retirement in 1825, Monroe was plagued by financial difficulties. He died in New York City on July 4, 1831. He has been generally ranked as an above-average president. James Monroe was born on April 28, 1758, in his parents' house located in a wooded area of Westmoreland County, Virginia. The marked site is one mile from the unincorporated community known today as Monroe Hall, Virginia. The James Monroe Family Home Site was listed on the National Register of Historic Places in 1979. His father Spence Monroe (1727–1774) was a moderately prosperous planter who also practiced carpentry. His mother Elizabeth Jones