In 1859 the worst-case scenario was a day or two without telegraph messages and a lot of puzzled sky watchers on tropical islands.
In 2011 the situation would be more serious. An avalanche of blackouts carried across continents by long-distance power lines could last for weeks to months as engineers struggle to repair damaged transformers. Planes and ships couldn’t trust GPS units for navigation. Banking and financial networks might go offline, disrupting commerce in a way unique to the Information Age. According to a 2008 report from the National Academy of Sciences, a century-class solar storm could have the economic impact of 20 hurricane Katrinas.