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On March 4th, James Monroe became the fifth president of the United States.
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Monroe went on a sixteen week tour of New England and used it to get to know citizen's backgrounds. This paved the way for the "Era of Good Feelings."
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The Panic of 1819 was a financial hysteria. This was a time when there was lots of unemployment, mortgages were foreclosed, and banks failed.
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The Transcontinental Treaty, also known as the Adams-Onis Treaty, was when the United States and Spain determined the western limits of the Louisiana Purchase. This was when the U.S claimed Florida.
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The Missouri Compromise basically was an agreement that was passed by the United States Congress, that says that Maine is a free state and Missouri is a slave state. It also prohibited "any future territories or states north of Missouri's southern border."
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On December 6, 1820, James Monroe was reelected as President of the United States.
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Monroe signed the Military Establishment Act to cut military spending by 40%.
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On March 5, 1821, Monroe began his second term as president.
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James Monroe introduced the Monroe Doctrine. The Monroe Doctrine states that both North and South America were not open to colonization. It would also state that the U.S wouldn't allow European countries to intervene with "independent governments in the Americas." The Monroe Doctrine is a very important part of America's history.
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on November 1, 1824, at the age of sixty-seven, James Monroe announced that he would not be running for reelection.
