Answer:
By The Missouri Compromise
Explanation:
Two years into Monroe's presidency, Monroe faced an economic crisis, which is known as the Panic of 1819.
The panic began from declining imports and exports, and falling agricultural prices. Several state banks suspended payment on their notes and declared bankruptcy, with the Second Bank of the United States shifting to more conservative policies. The result of this occurrence was high unemployment and an increase in bankruptcies and foreclosures.
In early 1819, settlers in the Missouri Territory asked for admission to the Union. Congressional dispute on Missouri exploded when Congressman James Tallmadge, Jr. of New York attached two corrections to the statehood bill.
The North held a small majority in the House of Representatives in 1819, and the South controlled a bare majority in the Senate.
A new Congress assembled in the winter of 1819, letting legislators reach an accord that settled the dispute.
Massachusetts let it's far northern counties to apply for admission to the Union as the free or non-slave state of Maine, thus offsetting fears that the South would gain votes in the Senate with the access of Missouri. At last, Monroe signed the bill on March 6, 1820, after he was satisfied that the provisions were, indeed, legal.
After the War of 1812, the Federalists were mostly doubted because of their opposition to the dispute. Although the government had enacted much of their programs, such as the national bank and a protective tariff, they could not mount a serious challenge to Monroe.
