What name is given to the worldwide stock-market crash that unfolded from late 1973 into 1974?

The 1973–1974 stock market crash was the worldwide market collapse that unfolded from late 1973 into 1974.

The downturn followed the breakdown of the postwar economic environment and was intensified by the 1973 oil crisis. Oil prices rose sharply after Arab members of OPEC announced an embargo, while inflation, recession, and political uncertainty damaged investor confidence. In the United States, the Watergate scandal added to the atmosphere of instability.

The bear market hit major exchanges in the United States, the United Kingdom, and other countries. The Dow Jones Industrial Average fell substantially from its January 1973 peak to its December 1974 low. High inflation combined with weak economic growth, producing the difficult conditions later called stagflation.

This crash is distinct from the 1970 decline and the 1987 Black Monday crash. It was not a single trading-day event; instead, it was a prolonged international bear market shaped by energy, inflation, recession, and political shocks.