The Day the Machines Went off

The Day the Machines Went off

Briefly sketch the plot of a disaster movie in which an electromagnetic pulse caused the shutdown of all electronic equipment causing financial activity to grind to a halt.

Using what you have learning during the course, the text readings, and scholarly resources, describe the effects of such an event on financial institutions and the macroeconomy.

At a minimum, include the following in your paper:

1. Details regarding the functions of money which would be missed immediately.
2. What are some of the immediate effects of financial institutions shutting down? For example:
   
   1. the price of goods (inflation),
   2. unemployment in the various financial institutions,
   3. lack of a functioning central bank (who clears checks?),
   4. demand for paper money now that debit cards don’t work,
   5. interest rates,
   6. demand for gold,
   7. barter.
3. Focusing on the financial system, what emergency measures might be invoked to keep the economy running?
4. What financial institutions would need to be the first to come back “online.”

Writing the Final Paper

The Final Paper:

1. Must be eight to ten double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.
2. Must include a cover page that includes:
   1. Title of paper
   2. Student's name
   3. Course name and number
   4. Instructor's name
   5. Date submitted
3. Must begin with an introductory paragraph that has a succinct thesis statement.
4. Must address the topic of the paper with critical thought.
5. Must end with a conclusion that reaffirms your thesis
6. Must use at least three scholarly sources, including a minimum of one from the Ashford Online Library.
7. Must document all sources in APA style, as outlined in the Ashford Writing Center.
8. Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center