[citation needed] 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 and is buried in Wörgl's municipal cemetery.

Beginning with the issuing of "Certified Compensation Bills", a form of local currency commonly known as Stamp Scrip or Freigeld.

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.

[citation needed] Despite attracting great interest at the time, including from French Premier Edouard Daladier and economist Irving Fisher,[4] the "experiment" was ended by Austria's central bank Oesterreichische Nationalbank on 1 September 1933.