What was the name of the 1973–1974 collapse in stock prices across the United States and United Kingdom?

The 1973–1974 collapse in stock prices across the United States and United Kingdom was the 1973–1974 stock market crash.

The crash followed the end of a long postwar expansion and unfolded amid inflation, recession, political uncertainty, and the 1973 oil crisis. In the United States, the bear market began after the Dow Jones Industrial Average peaked in January 1973 and continued until December 1974.

The decline was especially severe in Britain, where the stock market fell sharply as the country faced inflation, industrial disruption, and economic weakness. The crisis therefore had an international character rather than being limited to one exchange.

This episode is sometimes folded into the broader 1970s economic crisis, but the stock-market crash has its own conventional name and date range. It also preceded the 1980s bull market and should not be confused with the later one-day shock of Black Monday in 1987.