Which 1973–1974 bear market was triggered in part by the oil crisis and ended with major stock-market losses?

The 1973–1974 bear market, triggered in part by the oil crisis, was the 1973–1974 stock market crash.

The downturn followed the collapse of the postwar economic expansion. Inflation, slowing growth, political uncertainty, and the 1973 oil crisis combined to damage corporate profits and investor confidence.

The Dow Jones Industrial Average fell about 45 percent from its January 1973 peak to its December 1974 low. In the United Kingdom, the crisis was intensified by inflation, industrial conflict, and the collapse of several financial institutions.

The crash is sometimes confused with the 1970s’ broader stagflation crisis. The oil shock did not act alone; monetary conditions, recession, and geopolitical tensions all contributed to the prolonged decline. The episode remains one of the major postwar equity-market downturns.