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 Family Home Site etchings of the birth home indicate a small four room, rough cut wooden farm house with few outbuildings on a 500-acre farm filled with wetlands. The archaeological study clearly indicated that James Monroe's beginnings were humble. It was listed on the National Register of Historic Places in 1979, with a boundary increase in 2008. James Monroe Family Home Site James Monroe Family Home Site, also known as James Monroe's Birthplace, is a historic archaeological site located near Oak Grove and Colonial Beach, Westmoreland County, Virginia. The site includes the ruins of the Monroe Family Home and birthplace of President James