What name is given to the 1973–1974 global stock-market collapse linked to oil shocks and economic stagnation?

The global stock-market collapse linked to oil shocks and economic stagnation is called the 1973–1974 stock market crash.

The decline unfolded during a period of severe economic and political stress. The Yom Kippur War was followed by an oil embargo by several Arab oil producers, and oil prices rose sharply. At the same time, many economies experienced inflation, weak growth, and high unemployment, a combination later called stagflation.

Share prices fell across major markets from 1973 into 1974. In the United States, the bear market also reflected the end of the postwar expansion, monetary tightening, and uncertainty connected with the Watergate scandal. The market’s decline was therefore the product of several forces rather than one isolated event.

The crash is sometimes reduced to the oil crisis alone, but inflation, recession, interest rates, and political uncertainty all mattered. It was also separate from the 1970s energy crisis as a broader economic phenomenon.