The score came into the hands of Peter Silberberger and as a result the march was presented in at the 90thbirthday celebration for Michael Unterguggenberger, during a concert of the Saint Cecilia Society. And as a bill of token money of this small town Woergl near Innsbruck was handed across the counter and the bankers noticed this transaction, the money clique of Europe freaked out. On 12 January the neighbouring town of Kirchbichl decided to introduce value coupons. Despite attracting great interest at the time, including from French Premier Edouard Daladier and the economist Irving Fisher the "experiment" was terminated by Austria's central bank Oesterreichische Nationalbank on September 1, The community cashed the interest, the bank dispensed with the consideration.
Wörgl is a city in the Austrian state of Tyrol, in the Kufstein district.
It is 20 km (12 mi) from the international border with. Michael Unterguggenberger (* August in Hopfgarten im Brixental; † Dezember in Wörgl) war ein österreichischer Kommunalpolitiker (SPÖ) und von bis Bürgermeister von Wörgl (Tirol).
Inhaltsverzeichnis. 1 Beruf; 2 Politische Karriere; 3 Experiment von Wörgl; 4 Musiker; 5 Ehrung.
Money and land reform – The Woergl Experiment The Family Michael Unterguggenberger was born on 15 August in the town of Hopfgarten in the Brixen.
Michael played several instruments harmonium, zither and German flute. The scythe production had provided a modest wealth for the family before technological and industrial competition put an end to it and the family became impoverished.
In the Woergl region the lazy and slow money circulation of the National Bank must be substituted by a currency medium, complying better with its destination as barter medium than ordinary money. The community cashed the interest, the bank dispensed with the consideration. Autor: Dr.
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The entire economic situation was shaped by deflation: the merchandise went down in value, money increased its value and was horded.
Wolfgang Broer, and 2nd editionStudienVerlag, www.
The municipal council appealed to the local government in Kufstein. Pound visited Woergl twice, in andto familiarize him with the environment.
The former owners received the right of prior lease. In the twenties he remained in this position during the term of office of Mayors Franz HoerhagerDr. The work was completed on 29 October at a cost of S
SIGN OFFICE LOGO WALL
|After the revolt in Februarywhich led to prohibition of all left oriented parties, he resigned from office.
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More and more workers families depended on their meagre savings. A Talented Musician Music was a favourite pastime in the Unterguggenberger household. Among them the finance theoretician from the United States of America, Prof. In the Woergl region the lazy and slow money circulation of the National Bank must be substituted by a currency medium, complying better with its destination as barter medium than ordinary money.
Work and prosperity for all was their foremost aim; it should be obtained by peaceful methods, namely with a money and agrarian reform.