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In this manner, is there a law against jaywalking?
Legal view by jurisdiction. When used in the technical sense, jaywalking specifically refers to violation of pedestrian traffic regulations and laws and is therefore illegal. In many countries, such regulations do not exist and jaywalking is an unknown concept.
Keeping this in consideration, why is jaywalking illegal in America?
In the United States, the concept of 'jaywalking' was propagated in the 1920s by the auto industry, with the object to restrict pedestrian movements and to give motor traffic more space in the towns and cities. Nowadays it is still illegal to cross the street mid-block in most of the United States.
An unmarked crosswalk is the location where two roadways intersect but no marked crosswalk is present, for instance in a residential neighborhood. While it may be legal to cross a roadway outside of a crosswalk, pedestrians are required to yield the right of way to all vehicles.