Showing posts with label global economic crisis. Show all posts
Showing posts with label global economic crisis. Show all posts

Saturday, January 12, 2019

When Climate Change killed hundreds of thousands—the 17th century

The Global Crisis: war, climate, and catastrophe in the 17th-century, by Geoffrey Parker, Distinguished University Professor and Andreas Dorpalen Professor of European History at Ohio State University “concerns the climatically-induced crisis that created acute political, economic, intellectual and social upheaval all round the globe, causing the premature death of around one-third of the human population.  Although not the first such worldwide crisis, it is both the most recent and the only one for which plentiful records survive.“ https://history.osu.edu/people/parker.277

 https://www.nytimes.com/2014/03/23/opinion/sunday/lessons-from-the-little-ice-age.html?

Earth scientists have discerned three factors at work globally during the 17th century: increased volcanic eruptions, twice as many El NiƱo episodes (unusually warm ocean conditions along the tropical west coast of South America), and the virtual disappearance of sunspots, reducing solar output to warm the Earth.

The 17th century saw a proliferation of wars, civil wars and rebellions and more cases of state breakdown around the globe than any previous or subsequent age. Just in the year 1648, rebellions paralyzed both Russia (the largest state in the world) and France (the most populous state in Europe); civil wars broke out in Ukraine, England and Scotland; and irate subjects in Istanbul (Europe’s largest city) strangled Sultan Ibrahim.  . . “

“Few areas of the world survived the 17th century unscathed by extreme weather. In China, a combination of droughts and disastrous harvests, coupled with rising tax demands and cutbacks in government programs, unleashed a wave of banditry and chaos; starving Manchu clansmen from the north undertook a brutal conquest that lasted a generation. North America and West Africa both experienced famines and savage wars. In India, drought followed by floods killed over a million people in Gujarat between 1627 and 1630. In Japan, a mass rebellion broke out on the island of Kyushu following several poor harvests. Five years later, famine, followed by an unusually severe winter, killed perhaps 500,000 Japanese.”

Sunday, June 20, 2010

Merkel signals G20 clash with Obama on finance

Odd, isn't it, that a German is the one who has to caution Obama. Perhaps she studied economic history and learned how long FDR dragged us down with his alphabet soup spending and the New Deal. Managed to make our Depression hang on for years, when countries that didn't throw money at it rode it out in far less time. But then, never waste a crisis, as Rahm would say. It did buy him 4 terms.
    "German Chancellor Angela Merkel said on Saturday spending cutbacks are needed following the spate of throwing money at the global economic crisis, in a direct counter to US President Barack Obama."

Merkel signals G20 clash with Obama on finance