From just reading your problem it appears you have two problems.
1) your master switch is not working. If it was, you would have nothing getting to the wiring.
Take a meter of a test light and place it across the leads of the switch. Switch on, no voltage/light. Switch off, voltage/light on.
2) your ignition switch is shorted. The coil gets power from the switch. If the switch is open then nothing can get to the coil and down to the distributor. Take a piece of paper and put it between the points. Take your meter/light and place it across the points. With ign switch off you should have no voltage/light. Turn on the ign and make the reading you should have voltage/light.
Please report back. Oh break out the wiring diagram, here is one,
http://www.fordgarage.com/pages/awiringdiagram.htm