What was the prolonged global bear market from 1973 to 1974 commonly called?

The prolonged global bear market from 1973 to 1974 is commonly called the 1973–1974 stock market crash.

The decline followed the collapse of the Bretton Woods monetary system, rising inflation, and the 1973 oil crisis. In October 1973, Arab members of OPEC and other producers imposed an oil embargo on countries supporting Israel, and oil prices rose sharply. Higher energy costs contributed to inflation and recession in many economies.

In the United States, the Dow Jones Industrial Average fell from its January 1973 peak to its December 1974 low by roughly 45 percent. Popular growth shares known as the Nifty Fifty were especially vulnerable because investors had assigned them very high valuations.

The crash affected markets outside the United States and formed part of a broader period of stagflation. It is distinct from the 1970 bear-market decline and from the 1987 Black Monday crash. The market bottom also preceded the eventual easing of inflation and the long recovery of the 1980s.