What name is given to the 1973–1974 global stock-market crash linked to oil shocks and recession?

The 1973–1974 stock market crash was the global equity-market collapse linked to oil shocks, inflation, and recession.

The decline followed the breakdown of the Bretton Woods monetary system, rising inflation, and political and economic uncertainty. The Yom Kippur War in October 1973 was followed by an Arab oil embargo, causing energy prices to surge and worsening inflationary pressure in many industrial economies.

In the United States, the Dow Jones Industrial Average fell from its January 1973 high to a low in December 1974. Many markets experienced deep losses as investors faced weak corporate earnings, high interest rates, and fears of stagflation—a combination of stagnant growth and rising prices.

The crash is sometimes mixed up with the 1970s oil crisis itself. Oil disruption was an important trigger and amplifier, but the stock-market decline reflected a broader combination of monetary, political, and economic problems.