Would a Solar Storm as big as the 1859 even throw Earth into a financial Depression?

The Solar Storm of 2012 was as big as the 1859 one...

I'm thinking about this and likely the answer would be yes. Recently as I was thinking about how much work our computers do just in the U.S. and my thought off the top of my head is that computers do the work presenty (just in the U.S.) of about 1 1/2 billion people (and more every day).

Now imagine that all or most electrical generating systems in one half of the world that took the full blast. (or if the blast was of long enough duration that most electrical generating stations on earth got fried. So, all needed spare parts to begin operation once again. Imagine how much data would be lost along with programming not stored properly individually and by businesses and governments. Because all magnetic storage on earth might be destroyed or beyond repair at that point. So, all tape storage drives and hard drives might be corrupted. So, unless you had burned your information on a C or DVD or other non-magnetic carrier you might be lost in regard to your information. If you had not created hard copies or DVD's or CDs of all events and data you might be screwed as a business or government or private individual here on earth.

So, would the loss (just in the U.S. of 1 1/2 billion workers throw us into a Great Depression? (the work all our computers actually do)

Quite likely.

But, on top of that it would be the loss of life from presently unimaginable events. If papers were catching on fire in 1859 all over the world in Telegraph offices and the telegraphers had to unplug from their batteries to keep sending and receiving information at all, what would it do to literally everything digital on earth and in space? What would it do to all electrical devices on earth including cars and other vehicles. How many people would die when the GPS died worldwide for days or weeks?

It is an unknown because this kind of event likely goes on for a long time and would affect everything electrical directly or indirectly here on earth as a direct result.

And here is the real problem:

THIS EVENT IS NOT AN IF IT IS  ONLY A WHEN

And here is another question I have. It is said in books like "The Day After Roswell" that microchips came directly from the Roswell event. If this is true are microchips a blessing or a curse when this huge solar storm happens to our worldwide civilization?

Because it could also be a potential beginning of the end for mankind because we may be just too dependent upon microchip technologies and artificial intelligence then to not go extinct within a couple hundred years after this event when it happens.

Because only people who live really remotely haven't mostly forgotten how to live without computers and technology and this gets worse every day. I was raised without them so I know but present and future generations might be in trouble when this happens.