What was the 1973–1974 global stock-market collapse called in financial history?

The global stock-market collapse of 1973–1974 is called the 1973–1974 stock market crash.

The crash unfolded after major equity markets peaked in early 1973 and continued falling into late 1974. Its background included the breakdown of the Bretton Woods monetary system, high inflation, weak economic growth, and political uncertainty. The 1973 oil crisis intensified the downturn when OPEC members restricted supplies and oil prices rose sharply.

In the United States, the Dow Jones Industrial Average lost more than 45 percent from its January 1973 peak to its December 1974 low. Britain, Japan, and other markets also suffered substantial declines. The period is closely associated with stagflation, a combination of slow growth and high inflation.

The crash is sometimes casually labeled the “oil crisis crash,” but that phrase describes one important cause rather than the established name of the market event. It was not the same episode as the 1970 U.S. bear market.