The era of good feeling was at an end by 1825. Even during Monroe's second term, the sense of national goodwill was beginning to fade, and major conflicts over slavery and national expansion were making themselves felt. The period of one-party rule was also coming to an end. Economic panic caused by extensive speculation and a decline of European demand for American goods along with mismanagement within the Second Bank of the United States. Often cited as the end of the Era of Good Feelings.