Answer to Question #191814 in Economics for UGONNA

Question

How did the consumers in Wörgl react to the outside events and to the currency put in place? 

Answer 1

At first, the inhabitants of Vergla reacted with distrust to the idea of ​​the burgomaster, but then, feeling their benefits, they adopted this system. Residents of Kitzbühel, neighboring Wörgl, initially laughed at the experiment but soon decided to try it out at home. They issued 3,000 shillings of “disappearing money”; 1 shilling per inhabitant. Funds issued in both cities

payments were accepted for payment both in one and in another city without restrictions. Numerous regions wanted to follow Wörgl's example but preferred to wait until the end of the actions taken by the government.