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In 1816 Monroe obtained the presidential nomination and was easily elected. During his first administration, serious differences over the question of slavery in the territories were accommodated by the Missouri Compromise , which Monroe signed despite his sympathy for the South in this matter. In foreign affairs a number of settlements were reached. The Rush-Bagot agreement with Great Britain (1817) provided for mutual limitation of armaments on the Great Lakes, and the U.S.-Canadian boundary question was also settled. U.S. possession of the Floridas was confirmed by Andrew Jackson's campaigns and a treaty with Spain (1819).
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