What term describes the 1973–1974 worldwide stock-market collapse associated with the oil crisis?

The worldwide stock-market collapse associated with the 1973 oil crisis was the 1973–1974 stock market crash.

The crash unfolded amid high inflation, slowing economic growth, and the breakdown of the postwar monetary environment. The October 1973 oil embargo by Arab members of OPEC, introduced during the Yom Kippur War, sharply increased energy prices and intensified economic pressure. Investors also faced political uncertainty and weak corporate earnings.

From January 1973 to December 1974, the Dow Jones Industrial Average lost about 45 percent. The decline affected major markets in the United States, the United Kingdom, and other countries. The period is often associated with stagflation, a difficult combination of stagnant growth and high inflation.

The crash is sometimes loosely called the 1973 bear market, but the more specific historical label is the 1973–1974 stock market crash. It differs from the 1970s energy crisis itself: the oil shock was a major cause of the market downturn, not its name.