Which 1973–1974 bear market is commonly linked to the oil crisis and the end of the postwar economic boom?

The 1973–1974 bear market commonly linked to the oil crisis and the end of the postwar economic boom was the 1973–1974 stock-market crash.

The decline began amid inflation, slowing growth, political uncertainty, and the collapse of the Bretton Woods monetary system. The October 1973 oil embargo by members of the Organization of Arab Petroleum Exporting Countries then caused oil prices to rise sharply, intensifying inflation and recession fears.

The Dow Jones Industrial Average fell from its January 1973 high to its December 1974 low, losing about 45 percent. In the United Kingdom, the bear market was also associated with the secondary banking crisis and severe economic pressures. The episode is often described as a stagflation-era crash because weak growth occurred alongside high inflation.

The oil crisis was an important amplifier, not the sole original cause. The crash is sometimes confused with the 1970 decline, which was shorter and substantially less severe.