What was the name of the 1973–1974 U.S. stock-market crash associated with the end of the postwar bull market?

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The 1973–1974 bear market was the U.S. stock-market crash associated with the end of the postwar bull market.

From January 1973 to October 1974, the Dow Jones Industrial Average fell about 45%. The decline occurred amid high inflation, the 1973 oil crisis, recession, political uncertainty, and the collapse of confidence surrounding the Watergate scandal.

The market had already been weakening after the long postwar expansion. Energy prices surged after the Yom Kippur War, while economic growth slowed and inflation rose, creating the difficult combination later called stagflation.

The Dow reached its low on December 6, 1974, at 577.60. The decline was one of the deepest U.S. bear markets since the Great Depression, but it was followed by a substantial recovery later in the decade.

Source: Wikipedia · fact-checked Oct. 2026

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