What was the name of the global stock-market crash that began in 1973 and continued through 1974?

The 1973–1974 stock market crash was a global market collapse that began in 1973 and continued through 1974.

The downturn followed the end of the postwar economic expansion and was intensified by the 1973 oil crisis. The Yom Kippur War prompted Arab members of OPEC to impose an oil embargo on several countries, causing energy prices to surge. Inflation and recession then damaged corporate profits and investor confidence.

In the United States, the bear market severely reduced the value of major stock indexes. The crisis also coincided with political uncertainty, including the Watergate scandal and President Richard Nixon’s resignation in 1974.

This crash is distinct from the 1970 recession and from the 1987 Black Monday crash. Its defining combination was a prolonged bear market, high inflation, and severe energy disruption.