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How Did James Monroe A Success In Office

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James Monroe, the fifth president of the United States, faced many challenges in office. The last of the old revolutionaries and of the Virginians, James Monroe was also the only presidential candidate to not have to run against another party. Hence the name coined during his presidency, “the era of good feeling.” There were many successful aspects of his presidency, such as the Monroe doctrine and the Missouri compromise. In addition to these though, James Monroe was only human and he did fail in office. However, his presidency and his policies helped to shape the country into the modern day America. James Monroe was born in 1758 in Virginia. He was the last president who was an adult during the Revolutionary War, and he fought alongside Washington himself. After the war, he pursued a career in politics. He was …show more content…

One of the biggest failures during his administration was the Panic of 1819; the first economic depression in the history of the United States. This economic depression was brought on by over production and land speculation, which was caused by the national bank; during this period, deflation, bankruptcies, unemployment, and debtor prisons were common. James Monroe offered optimistic statements and not much else. Fortunately the economic depression passed on its own and people regained faith in their president. This strategy of dealing with an economic depression was adopted by future presidents, until it no longer worked, it was at that point that legislation was passed in order to save the country. The Panic of 1819, spread worry amongst some that the national bank was a precarious system, and it would lead to the end of the national bank after the charter expired during Andrew Jackson’s administration. Despite this failure on Monroe’s part by allowing the situation to get out of hand, his two terms in office are more memorable due to his accomplishments as

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The Panic of 1837 was a financial crisis, or market correction, driven by tentative fever. Inflation became uncontrolled after federal deposits to the Second Bank of the United States were withdrawn, based on the assumption that the government was selling land for state bank notes of questionable value. The Panic of 1837 involved Andrew Jackson administration issuing the Specie Circular, declaring that it would accept only gold and silver as payment for public land. Prices fell about 25 percent and many businesses began to fail and farmers were unable to pay their mortgages because of their decline in income and because they were losing their jobs. Martin Van Buren, who became president in March 1837, was largely blamed for the panic.

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The panic of 1837 caused hundreds of banks to collapse, commodity prices to drop, sales of public to fall, and the loss of jobs. The Whigs proposed government policies to fix the economic downturn: expansion of bank credit, higher tariffs, subsidies for internal improvement. Van Buren rejected these proposals because he wanted to keep government involvement out of the economy.

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James Monroe was inaugurated on March 4, 1817, and is the fifth president of the united states. James Monroe, in his entire presidency, only had to veto one bill introduced by congress. This bill was, “An act for the preservation and repair of the cumberland road.” James monroe rejected this bill, because it would force other people to pay for the damage of the road, and Monroe thought that this was unconstitutional.

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President Herbert Hoover made efforts to try to fix the great depression. Many people disliked him as a president and complained he didn’t even care. However he at least tired to help people recover from the great depression. Some policies he created were the Hoover Moratorium, the Federal Home Loan Bank Act of 1932, and the Great New Deal. Hoover created the Hoover Moratorium to end the war debts however it didn’t help with the economic crisis.

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As I reflect over the past presidents of the United States, I realize that there have been many triumphs, as well as many trials. These successes and failures have influenced the nation to be the way it is in the present time today. President Taft and President Wilson had many accomplishments and failures that I have recently learned about that caused me to reflect on the history of the United States presidents. Through their accomplishments, as well as failures, there is much to be learned and remembered.

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This caused the new banks’ failure by issuing the Specie Circular order in 1836. The government land required payment to be in gold. The National Banks of United States collapsed, this caused what we know as the Panic of 1837, that Andrew Jackson’s successor had to deal with. This was much unorganized, banks got removed, etc. The lack of national banks was one of the many speculations that contributed policies that caused the market to crash in the year of 1837.

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