What is the standard name for the worldwide stock-market crash that unfolded from 1973 to 1974?

The worldwide stock-market crash that unfolded from 1973 to 1974 is known as the 1973–1974 stock market crash.

The decline affected major markets in the United States, the United Kingdom, Japan, and other economies. It followed the end of the postwar economic expansion and occurred alongside high inflation, slowing growth, monetary tensions, and political uncertainty.

The 1973 oil crisis deepened the damage. After the Yom Kippur War, Arab members of OPEC imposed an oil embargo on several countries, contributing to a sharp rise in energy prices. Higher costs weakened corporate profits and increased fears of recession, while interest rates and inflation also pressured share valuations.

In the United States, the bear market lasted from January 1973 until October 1974. The crash is sometimes grouped with the broader economic “stagflation” crisis of the 1970s, but the stock-market crash specifically refers to the major fall in equity prices during this period.