Wörgl


Wörgl is a city in the Austrian state of Tyrol, in the Kufstein district. It is from the international border with Bavaria, Germany.
It is known for the "Miracle of Wörgl" in the 1930s, a local currency experiment credited with reviving the local economy in an economic depression.
WWW woergl.at

Transport

Wörgl is a railway junction on the line between Innsbruck and Munich, as well as the inner-Austrian line to Salzburg. Its railway station has been designated as a Hauptbahnhof since 10 December 2006.
European route E641 connects Wörgl with Salzburg. The E45 and E60 routes pass through Wörgl.

History

The Wörgl Experiment

Wörgl was the site of the "Miracle of Wörgl", beginning on 31 July 1932 during the Great Depression. Beginning with the issuing of "Certified Compensation Bills", a form of local currency commonly known as Stamp Scrip or Freigeld. This was an application of the monetary theories of the economist Silvio Gesell by the town's then-mayor,.
The experiment resulted in a growth of employment and meant that local government projects such as new houses, a reservoir, a ski jump and a bridge could all be completed, contrasting with much of the depression in the rest of the country. Inflation and deflation are also reputed to have been non-existent for the duration of the experiment.
Despite attracting great interest at the time, including from French Premier Edouard Daladier and economist Irving Fisher, the "experiment" was ended by Austria's central bank Oesterreichische Nationalbank on 1 September 1933, so that the federal government would maintain a monopoly on the country's legal tender.
British economist John Maynard Keynes thought that "future economics will learn more from Gesell's ideas than from Marx's".
In 2006, milestones were placed across the town to commemorate this event.

World War II

The nearby Itter Castle was the site of one of the last European battles of World War II. The castle had been seized from Grüner by SS Lieutenant General Oswald Pohl under the orders of Heinrich Himmler on 7 February 1943. The transformation of the castle into a prison was completed by 25 April 1943, and the facility was placed under the administration of the Dachau concentration camp.
The Battle for Itter Castle took place on 5 May 1945, with surrendered Wehrmacht troops, the United States Army, Austrian Resistance fighters and former French political prisoners fighting against the 17th Waffen-SS Panzer Grenadier Division. The leader of the surrendered Wehrmacht troops, Major Josef Gangl, was killed during the battle by a sniper and is buried in Wörgl's municipal cemetery. is a street in Wörgl named after Gangl.
Waldemar von Knoeringen's resistance network against the Nazi Party was based in Wörgl. Commemoratives plaques and memorials have been established in the town, including to resistance member Josefine Brunner.

Twin towns – sister cities

Notable people