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
USS President Monroe (AP-104) Pacific Island bases. With the end of hostilities, she extended her cruises to Japan and participated in Operation Magic Carpet, the giant sealift organized to bring demobilizing servicemen home. "President Monroe" received five battle stars for World War II service. Lieutenant Junior Grade Richard Nixon shipped out from San Francisco to the South Pacific aboard the "President Monroe" in 1943. "President Monroe" entered Hunters Point Naval Drydock 12 January 1946, decommissioned, and was delivered to WSA 30 January, returned to American President Lines 21 February, and stricken from the Navy List 12 March. Following decommission, "President Monroe" was returned to