What was the name of the 1973–1974 global bear market linked to the oil crisis and the collapse of Bretton Woods?

The 1973–1974 stock market crash was the global bear market linked to the oil crisis and the collapse of Bretton Woods.

The downturn began amid monetary instability after the United States ended the dollar’s convertibility into gold in 1971. The Bretton Woods system of fixed exchange rates then broke down. Inflation intensified, and the 1973 oil crisis followed the October 1973 Arab–Israeli War, when Arab members of OPEC imposed an oil embargo on several countries.

Higher energy prices, recession, and persistent inflation damaged corporate profits and investor confidence. From its January 1973 peak to its October 1974 low, the Dow Jones Industrial Average lost roughly 45 percent.

The episode is sometimes grouped with the 1970s energy crisis, but the oil shock was one factor among several. It was also distinct from the 1973 stock-market crash in Britain and from later inflation-driven market declines.