What was the name of the global stock-market crash that followed the 1973 oil crisis?

The global stock-market crash that followed the 1973 oil crisis was the 1973–1974 stock market crash.

This bear market affected major exchanges around the world between 1973 and 1974. It followed the end of the postwar economic expansion and coincided with the 1973 oil crisis, when oil prices rose sharply after an embargo by Arab oil-producing states. Inflation, recession, and political uncertainty intensified the pressure on share prices.

In the United States, the Dow Jones Industrial Average fell from its January 1973 peak to a low in December 1974. The decline is often discussed alongside “stagflation,” a difficult combination of weak economic growth and high inflation.

The oil crisis was an important trigger, but it was not the only cause. Monetary conditions, inflation, and the end of a long bull market also mattered. The crash is sometimes confused with the 1970 bear market, which was a separate earlier decline.