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 French dupe and at worst a traitor. With the power to appoint election officials in Virginia, Monroe exercised his influence to help Jefferson win Virginia's presidential electors. He also considered using the Virginia militia to force the outcome in favor of Jefferson. Jefferson won the 1800 election, and he appointed Madison as his Secretary of State. As a member of Jefferson's party and the leader of the largest state in the country, Monroe emerged as one of Jefferson's two most likely successors, alongside Madison. Shortly after the end of Monroe's gubernatorial tenure, President Jefferson sent Monroe back to France to