What is the standard name for the global stock-market collapse that ran from 1973 into 1974?

The global stock-market collapse that ran from 1973 into 1974 is known as the 1973–1974 stock market crash.

The downturn followed the end of the long postwar expansion and was intensified by the 1973 oil crisis. In October 1973, Arab members of OAPEC proclaimed an oil embargo against countries viewed as supporting Israel during the Yom Kippur War. Oil prices rose sharply, contributing to inflation, weaker economic growth, and declining corporate profits.

The crash affected major markets internationally. In the United States, the Dow Jones Industrial Average fell substantially from its January 1973 peak to its December 1974 low. The episode formed part of a wider period of stagflation and economic disruption rather than being caused by a single trading day.

It is often confused with the 1987 crash, which was concentrated around October 19, 1987, and with the 1970s oil crisis itself. The oil crisis was a major cause of the broader economic strain, not the name of the stock-market crash.