Green’s Dictionary of Slang

impoverished, destitute.

1859, 1860		Hotten Dict. of Modern Sl. etc.
1861		(con. 1840s–50s) H. Mayhew London Labour and London Poor I 21/2: There’s only very few of them – is ‘cracked up’ (penniless). [Ibid.] III 206: After that they are about cracked up and done.
1873		Sl. Dict.
1902		A. Morrison Hole in the Wall (1947) 42: Unsolvent. Cracked up. Broke. Busted, in a common way o’ speakin’.