Undersea cable severance
Most global traffic crosses undersea fiber cables and landing stations that are physically vulnerable to accidents, earthquakes, and sabotage. The internet is mostly under the ocean.
Digital & Society
The internet isn't a thing you can turn off. Imagining how it would break reveals how thoroughly it has become civilization's nervous system. There is no central internet switch. It is hundreds of thousands of independently operated networks connected by shared protocols. But if the connections between them were severed by cable damage, solar storm, cyberattack, routing collapse, or power failure, the consequences would cascade quickly. The way the internet would die tells you exactly what it has replaced: finance, logistics, communication, records, and much of the operational nervous system of modern life.
Quick answer
A true global internet shutdown would halt much of banking, trading, payment processing, supply chain management, cloud access, telecommunications, and internet-connected monitoring. Healthcare, transport, retail, and industrial systems would degrade within hours to days. About 97% of international telecommunications traffic travels through undersea internet cables, including many things people think of as phone calls.

The short answer
A true global internet shutdown would halt much of banking, trading, payment processing, supply chain management, cloud access, telecommunications, and internet-connected monitoring.
Undersea cable severance
Most global traffic crosses undersea fiber cables and landing stations that are physically vulnerable to accidents, earthquakes, and sabotage.
Curiosity twist
About 97% of international telecommunications traffic travels through undersea internet cables, including many things people think of as phone calls.
Common mistake
If the internet went down, governments and tech companies could restore it within days.