What was the 1973–1974 global stock-market collapse commonly called?

The 1973–1974 global stock-market collapse was commonly called the 1973–1974 stock market crash.

The decline unfolded across major markets after the end of the postwar boom. Important pressures included the 1973 oil crisis, high inflation, weak economic growth, and political uncertainty. In the United States, the bear market pushed the Dow Jones Industrial Average sharply below its early-1973 level.

The crash formed part of a broader period often described as stagflation, in which economies experienced slow growth alongside rapidly rising prices. The collapse was therefore not simply a short trading panic; it reflected difficult macroeconomic conditions affecting companies, consumers, and governments.

It is sometimes grouped with the 1970s energy crisis, but the stock-market crash and the oil shock are not identical events. The market decline lasted through 1974, while oil-price disruptions and inflation influenced economic conditions for longer.