What was the name of the 1973–1974 bear market linked to the oil crisis and stagflation?
Answer
1973–1974 stock-market crash
Answer
1973–1974 stock-market crash
The bear market linked to the oil crisis and stagflation was the 1973–1974 stock-market crash.
The decline followed the collapse of the postwar economic expansion and was intensified by the 1973 oil crisis. After the Yom Kippur War, Arab members of OPEC imposed an oil embargo on countries supporting Israel, and oil prices rose sharply. Higher energy costs combined with inflation and weak economic growth, a difficult combination known as stagflation.
The S&P 500 fell about 48% from its January 1973 high to its October 1974 low. The Dow Jones Industrial Average also suffered a major decline. The Watergate scandal and President Richard Nixon’s resignation in August 1974 added to political uncertainty.
This crash is often grouped with the 1970s energy and inflation crisis, but the oil embargo was not the sole cause. Monetary policy, recession, corporate earnings concerns, and political instability all shaped the market’s performance.
Source: Wikipedia · fact-checked Oct. 2026