What was the 1973–1974 US stock-market decline associated with the oil crisis called?

The 1973–1974 US stock-market decline associated with the oil crisis is called the 1973–1974 stock market crash.

The decline occurred amid high inflation, an oil embargo by Arab members of OPEC, recession, and the political turmoil surrounding the Watergate scandal. From its January 1973 peak to its October 1974 low, the S&P 500 lost roughly 48% of its value.

The crash followed the end of the long postwar bull market often called the Nifty Fifty era. Investors had previously treated many large companies as dependable growth stocks, but rising interest rates and worsening economic conditions changed valuations dramatically.

This episode is distinct from the 1973 oil crisis itself. The oil shock was an economic and geopolitical event, while the stock-market crash describes the collapse in share prices that unfolded during the broader period of stagflation.