What name describes the 1973–1974 global stock-market crash that followed oil shocks and economic turmoil?

The global stock-market crash that unfolded from 1973 to 1974 is called the 1973–1974 stock market crash.

The decline occurred during a period of high inflation, weak economic growth, and energy disruption. The 1973 oil crisis followed the Arab oil embargo, causing oil prices to rise sharply and increasing costs for businesses and consumers in many countries.

In the United States, the Watergate scandal and political uncertainty added to investor concern. The Dow Jones Industrial Average reached a high in January 1973 and then fell by roughly 45 percent before reaching a low in December 1974.

The episode is associated with the broader period of stagflation, when economies experienced both inflation and stagnant growth. It was not a single-day collapse like Black Monday in 1987, but a prolonged international bear market lasting nearly two years.