Which 1970s stock-market crash followed the 1973 oil crisis and lasted through much of 1974?

The 1970s stock-market crash that followed the 1973 oil crisis and continued through much of 1974 was the 1973–1974 stock market crash.

The bear market began in January 1973 and reached its low in December 1974. In the United States, the Dow Jones Industrial Average lost about 45% from its January 1973 peak to its December 1974 trough. The downturn was part of a broader economic crisis affecting many developed markets.

The oil shock followed the October 1973 Arab–Israeli War, when members of the Organization of Arab Petroleum Exporting Countries imposed an embargo and reduced supplies to several countries. Oil prices rose sharply, contributing to inflation and recession concerns.

The crash is also associated with the Watergate scandal, weak economic growth, and the end of the long postwar expansion. It is distinct from the 1970 recession-related market decline, although the two downturns occurred close together.