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
Alexander W. Monroe 1905, at his home near Romney. Monroe was survived by his second wife Margaret and their four children. Monroe is interred with his wife Margaret at Indian Mound Cemetery in Romney. In 1852, Monroe married his first wife, Sarah A. French, daughter of John and Eleanor French. Monroe and his wife Sarah had one son, James W. Monroe. Following Sarah's death, Monroe married his second wife, Margaret Ellen Pugh, daughter of Benjamin and Sarah Pugh, on November 21, 1866. Monroe and Margaret had at least four children: Alexander W. Monroe Alexander W. Monroe (December 29, 1817 – March 16, 1905)