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What was the Homestead Exemption Decree of 1829 designed to do?

  1. Encourage land purchase

  2. Protect homeowners from land seizure due to debts

  3. Set tax rates for homeowners

  4. Regulate land leases for colonists

The correct answer is: Protect homeowners from land seizure due to debts

The Homestead Exemption Decree of 1829 was primarily designed to protect homeowners from having their land seized due to debts. This legislation recognized the importance of providing a safeguard for individuals and families against the loss of their homes, particularly during times of financial hardship. By exempting a portion of a homeowner's property from being claimed by creditors, it aimed to ensure that individuals could retain their primary residences, thus promoting stability within families and communities. The decree reinforced the notion that a person's home is a sanctuary and should be protected from the uncertainties of economic challenges. This legislative intent not only supported social welfare but also encouraged a sense of ownership and investment in land among the populace, while other options, such as setting tax rates or regulating leases, were not the primary focus of this specific decree.