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the U.S. Congress passing the Bankruptcy Act of 1800. The Bankruptcy Act of 1800 would later be repealed after its three-year duration expired in 1803. But its design was to eliminate throwing people in prison to die as debtors because of market forces they knew nothing about.
About 2,000 New Yorkers annually by 1816 were thrown into Debtor’s Prison. Many simply died there.
Sometimes, imprisonment would result from less than sixty cents’ worth of debt. There was no set minimum amount that justified losing your life.
In 1833 the United States abolished federal imprisonment for unpaid debts, and most states outlawed the practice around the same time.