Which 1970s event marked the major U.S. stock-market crash that followed the 1973 oil crisis?

The major U.S. crash following the 1973 oil crisis was the 1973–1974 stock-market crash.

From January 1973 to October 1974, the Dow Jones Industrial Average lost about 45% of its value. The decline occurred amid high inflation, the 1973 oil crisis, recession, political uncertainty, and the Watergate scandal in the United States. The market’s weakness was part of a broader international bear market.

The crash is sometimes reduced to the oil embargo alone, but the economic background was wider. Inflation had already become a serious problem, and the collapse of the Bretton Woods fixed-exchange-rate system had added financial uncertainty. Higher energy costs then intensified pressure on businesses and consumers.

The 1974 low became an important reference point for later market history. It was not the same event as the 1970 recession-related decline or the 1987 Black Monday crash.