What name is given to the 1973–1974 bear market caused by oil shocks and economic stagnation?
Answer
1973–1974 stock market crash
Answer
1973–1974 stock market crash
The 1973–1974 bear market caused by oil shocks and economic stagnation is called the 1973–1974 stock market crash.
The downturn unfolded after the Bretton Woods monetary system weakened, inflation accelerated, and the 1973 oil crisis sharply increased energy costs. The United States and other economies experienced recessionary pressure alongside high inflation, a combination known as stagflation.
The Dow Jones Industrial Average reached a closing high in January 1973 and fell to a low in December 1974. The decline affected major international markets and became one of the deepest postwar bear markets up to that time.
The episode is sometimes described simply as the 1970s bear market, but that label can cover a wider period. The crash also differed from a one-day panic: it was a prolonged decline shaped by inflation, energy disruption, recession, and monetary uncertainty.
Source: Wikipedia · fact-checked Oct. 2026