Monarch butterfly populations in western North America suffered a substantial decline, from millions of butterflies overwintering in California in the 1980s to less than 400,000 at the beginning of the 21st century. The introduction of neonicotinoid insecticides in the mid–1990s and their subsequent widespread use appears to be the most likely major factor behind this sudden decline. Habitat loss and unfavorable climates (high temperatures, aridity, and winter storms) have also played important and ongoing roles. These factors kept overwintering populations stable but below 300,000 during 2001–2017. Late winter storm mortality and consequent poor spring reproduction drove winter populations to less than 30,000 butterflies during 2018–2019. Record high temperatures in California during the fall of 2020 appeared to prematurely terminate monarch migration, resulting in the lowest overwintering population (1899) ever recorded. Many migrants formed winter-breeding populations in urban areas. Normal seasonal temperatures in the autumns of 2021 and 2022 enabled overwintering populations to return to around the 300,000 level, characteristic of the previous two decades. Natural enemies (predators, parasitoids, parasites, and pathogens) may be important regional or local drivers at times but they are a consistent and fundamental part of monarch ecology. Human interference (capture, rearing) likely has the least impact on monarch populations. The rearing of monarch caterpillars, particularly by children, is an important human link to nature that has positive ramifications for insect conservation beyond monarch butterflies and should be encouraged.