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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 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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