Which 1973–1974 market collapse followed the end of the postwar bull market and the 1973 oil crisis?

The market collapse following the end of the postwar bull market and the 1973 oil crisis was the 1973–1974 stock market crash.

The downturn affected major markets from November 1973 through late 1974. In the United States, the S&P 500 fell about 48% from its January 1973 peak to its October 1974 low. The crash unfolded amid high inflation, slowing economic growth, the 1973 oil shock and political uncertainty surrounding the Watergate scandal.

The Organization of Arab Petroleum Exporting Countries announced an oil embargo in October 1973 after the Yom Kippur War. Oil prices rose sharply, adding to inflation and recession pressures in importing economies. Britain also faced the “Barber boom” and later severe economic strains.

The episode is sometimes grouped with the 1970s oil crisis, but the terms are not identical. The oil crisis describes an energy and geopolitical shock; the stock-market crash describes the financial-market decline that accompanied the wider stagflationary period.