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 Trotter African Americans. His son William Monroe Trotter became a rights activist and was founder and editor of the "Boston Guardian", a progressive African American newspaper. James Monroe Trotter was born on February 7, 1842, twenty-five miles south of Vicksburg in the once-thriving community of Grand Gulf, Mississippi, in Claiborne County, Mississippi, although some sources give Trotter's date of birth as November 8, 1842. James was born into slavery; his mother Letitia was a slave and his father was her white master, Richard S. Trotter, then unmarried. After Richard Trotter married in 1854, he freed Letitia and their mixed-race children: James