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ISSN: 2333-9721
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Greenhouse emissions and economic recessions: Did industrial economies “Stay Cool” during the 1930s economic crisis?

Keywords: Historical economic sociology , Kondratiev wave theory , World-systems analysis , economic crises , global climate change

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Abstract:

In this historical economic interdisciplinary research we investigate the impact of the 1930s economiccrisis and their relationship to global warming. We investigate two consecutive hegemonic powers: theUnited Kingdom and the United States. Our assumption was that a reduction in demand would lead to a decrease in mean global temperatures during depressions. We find that in fact reduced carbon dioxide in the atmosphere resulting from lowered production does not result in cooling temperatures.

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