The experiment resulted in a growth in employment and meant that local government projects such as new houses, a reservoir, a ski jump and a bridge could all be completed, seeming to defy the depression in the rest of the country.
Despite attracting great interest at the time, including from French Premier Edouard Daladier and the economist Irving Fisher,[REF] the "experiment" was terminated by the Austrian National Bank on September 1, 1933 [REF].