What was the name of the 1973–1974 global stock-market decline linked to the oil crisis and stagflation?

The 1973–1974 global stock-market decline linked to the oil crisis and stagflation was the 1973–1974 stock-market crash.

The downturn followed the end of the postwar bull market and intensified after the 1973 oil crisis. Members of the Organization of Arab Petroleum Exporting Countries announced an oil embargo against countries supporting Israel during the Yom Kippur War. Oil prices rose sharply, contributing to inflation and economic contraction.

Major stock indexes fell across the United States, Britain, Japan and other markets. In the United States, the Dow Jones Industrial Average reached a low in December 1974 after losing nearly half its value from its January 1973 peak.

The crash is closely associated with stagflation, a difficult combination of weak growth and high inflation. It was not caused by oil prices alone; monetary conditions, wage pressures, recession and the unwinding of earlier market optimism also mattered.