Which 1970s stock-market crash followed the 1973 oil crisis and helped produce a major bear market in the United States?

The stock-market crash that followed the 1973 oil crisis was the 1973–1974 stock market crash, a major international bear market.

The downturn began after the market peaks of early 1973 and intensified as the Yom Kippur War, the Arab oil embargo, inflation, and recession damaged economic expectations. In the United States, the Dow Jones Industrial Average fell substantially from its January 1973 peak to its December 1974 low.

The crisis was not limited to Wall Street. Stock markets in Britain, Japan, and other economies also declined, reflecting the international effects of energy costs, inflation, slower growth, and political uncertainty. The period is often regarded as one of the worst postwar bear markets before the 1987 crash.

The oil crisis was an important catalyst rather than the only cause. Monetary tightening, wage and price pressures, and recessionary conditions had already made markets vulnerable before energy prices surged.