Interference serves as the most dominant factor that quantitatively and qualitatively impacts the performance of ultra-dense networks (UDN). Especially, since interference of different time slots basically comes from the same set of interfering base stations (BSs), the temporal interference correlation becomes more significant with the growing deployment of network infrastructures. In this light, we develop an analytical framework to investigate the impact of temporal interference correlation on UDN in terms of network spatial throughput (ST) in this work. In contrast to the available research, which indicates that the interference correlation is independent of BS density, we show that a growing BS density would exacerbate the influence of interference correlation on the performance of UDN. In particular, when the BS density is closer to the critical density, under which network ST could be maximized, the ST attenuation caused by temporally correlated interference is more significant. Moreover, the effect of temporal interference correlation on network ST is additive over time slots. For instance, a greater number of transmissions of hybrid automatic repeat request (HARQ) would result in a more significant effect of temporally correlated interference on network ST.