What was the name of the severe global stock-market decline during 1973 and 1974?

The severe global stock-market decline during 1973 and 1974 was the 1973–1974 stock market crash.

Major equity markets fell sharply amid high inflation, recession fears, rising interest rates, and geopolitical turmoil. The crisis followed the collapse of the Bretton Woods fixed-exchange-rate system and coincided with the 1973 oil shock, when oil prices rose dramatically after an embargo by Arab members of OPEC.

In the United States, the Dow Jones Industrial Average reached a 1973 peak before falling to a low in December 1974. The decline was part of a broader period of economic difficulty often associated with stagflation. It is separate from the 1970s oil crisis itself: the oil crisis was an economic and energy shock, while the 1973–1974 crash describes the accompanying collapse in share prices.