Reference no: EM131263552

The Day The Machines Went Off

In your introduction, briefly describe the plot of a disaster movie in which an electromagnetic pulse causes the shutdown of all electronic equipment and financial activity to grind to a halt.

Then, using what you have learned during the course, from the text readings, and from scholarly sources, forecast the effects of such an event on financial institutions and the economy using the following prompts as a framework:

1. Hypothesize how the four functions of money would be missed.
2. Explain what the immediate effects would be on:
   • the rationing of goods,
   • employment,
   • demand for paper money,
   • demand for commodity money (e.g., gold),
   • production of goods and services.
3. Speculate what emergency measures might be enacted to keep the economy running in lieu of having an organized banking system.
4. Identify and justify any incidents from history that tell us what we might expect if an electromagnetic pulse actually caused the shutdown of all electronic equipment and financial activity to grind to a halt.

Writing the Final Paper
The Final Paper

• Must be eight to ten double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in theAshford Writing Center.
• Must include a separate title page with the following:
  • Title of paper: The Day the Machines went Off
  • Student's name: Jeremy Wilson
  • Course name and number: ECO 316: Financial Institutions and Markets
  • Instructor's name: Travis Hayes
  • Date submitted: October 31, 2016
• Must use at least three scholarly sources in addition to the course text.
  • TheScholarly, Peer Reviewed, and Other Credible Sourcestable offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
• Must document all sources in APA style as outlined in the Ashford Writing Center.

Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.