What name is given to the global stock-market decline that began in 1973 and reached a low in 1974?

The global stock-market decline that began in 1973 and reached a low in 1974 is called the 1973–1974 stock market crash.

The episode followed the end of the long postwar expansion and was intensified by the 1973 oil crisis. The Arab oil embargo pushed energy prices sharply higher, while inflation, weak growth, and political uncertainty pressured companies and investors.

In the United States, the Dow Jones Industrial Average fell from a January 1973 peak to a December 1974 low, losing roughly 45% of its value. Other markets also suffered, making the episode international rather than solely American.

This crash is often linked with the broader economic period known as stagflation, combining slow growth with high inflation. It is distinct from the 1970 recession and from the one-day Black Monday crash of 1987.