That scenario would be a blessing and a curse at the same time.
Instantly, there would be crash in the financial markets placing all without money. Industries would stop. People would no longer be forced to work paying bills, mortgages, rent, and debts.
Within several years, tens of millions would die to lack of medical supplies that can't be manufactured. The same for those unable to heat their dwelling in the winter cold and cool during the summer heat and vice versa in the southern hemisphere. Worldwide panic and confusion causing break down of social order prompting survival of the strongest and most armed to the teeth.
It would revert back to prior to the 1880s. Horses, oil lamps, washboards and sailing ships until steam powered transportation resumed.
Can you give up this age of convenience?