Which 1973–1974 global stock-market collapse followed the 1973 oil crisis?

The global collapse that followed the 1973 oil crisis was the 1973–1974 stock market crash.

The crash unfolded from January 1973 through December 1974. In the United States, the Dow Jones Industrial Average fell dramatically from its January 1973 high to its December 1974 low. The episode was part of a wider period of inflation, weak economic growth, political uncertainty, and severe energy-price disruption.

The oil crisis intensified after Arab members of the Organization of Petroleum Exporting Countries imposed an oil embargo on countries supporting Israel during the Yom Kippur War. Oil prices rose sharply, contributing to inflation and recession in many economies.

The crash is sometimes reduced to the oil shock alone, but financial valuations and broader economic problems were also important. It was a bear market spanning many months, not a single trading-day collapse like Black Monday in 1987.