How much is James Monroe worth?
| Net Worth: | $36 Million |
|---|---|
| Profession: | 5th U.S. President |
| Date of Birth: | April 28, 1758 |
| Country: | United States of America |
| Height: | 1.83 m |
About James Monroe
James Monroe, an American statesman, lawyer, diplomat, and founding father, lived from April 28, 1758, through July 4, 1831. His estimated net worth was $36 million. He served as the country’s fifth president and had a noteworthy career during a noteworthy period in American history. As president, he presided over what has come to be known as the “Era of Good Feelings,” during which time he made appointments without regard to party affiliation and there was a brief respite from bitter intraparty rivalry.
The Monroe Doctrine, which demanded that European powers stop interfering with and colonizing North and South America, is among the many things for which he is renowned. It also specified that the United States would refrain from interfering with other European nations.
Early Years of James Monroe
He was a 1758 Virginia native from a wealthy family who dropped out of William & Mary College in 1775 along with other students to enlist in the Continental Army. He crossed the Delaware with General Washington when he was 18 years old. He participated in several wars before retiring at the rank of lieutenant colonel so he could go back to school. From 1780 until 1783, he attended Thomas Jefferson’s law school.
He was chosen to serve in the Virginia General Assembly in 1782. He then represented Virginia in the Continental Congress. In 1790, the year the US Senate was first created, he was elected to the US Senate. He also held the positions of ambassador to France, Spain, and Britain during his spectacular career. He completed a lot of this before he was mid-30s.
James Monroe served as president and governor.
He was chosen as Virginia’s governor in 1799. He maintained his career in government service and assisted in the 1803 negotiations for the Louisiana Purchase. He held the positions of Secretary of State and Secretary of War while fighting alongside the British in the War of 1812.
He successfully ran for and won the US Presidency in 1816, taking office on March 4th, 1817. He presided over a turbulent time in US history while serving two terms. The Panic of 1819 brought about a severe downturn in the nation, which was going through simultaneous separatist and growth pangs. He grappled with slavery, like many others in his period, and was torn by the various political and ethical realities he observed. He was a part of a movement that attempted to mediate these turbulent times and that saw the establishment of Liberia on the African continent, whose capital was given the Monroe name Monrovia.
Overall, Monroe seems to have been a successful negotiator—not so much in terms of his oratory prowess as in terms of his ability to use logic and seek out a compromise and an understanding. Despite all of his work, he passed away in New York City in 1831. He never had financial security during his lifetime, but he left a significant legacy.
