What was the name of the severe global bear market that followed the oil shock beginning in 1973?

The severe global bear market that followed the oil shock beginning in 1973 is called the 1973–1974 stock-market crash.

The decline occurred amid the 1973 oil crisis, high inflation, economic stagnation, and geopolitical tension. In the United States, the Dow Jones Industrial Average fell from its January 1973 peak to its December 1974 low, losing roughly 45% of its value.

The period is associated with stagflation, a difficult combination of weak growth and rapidly rising prices. The market decline was therefore not just a sudden trading panic; it reflected a prolonged deterioration in economic expectations.

The crash is sometimes grouped with the 1970s bear market, but the specific name 1973–1974 stock-market crash refers to the principal phase of the worldwide decline. The oil shock itself followed an Arab oil embargo announced in October 1973.