Which 1973–1974 market collapse followed the oil shock and ended the postwar bull market?

The 1973–1974 market collapse that followed the oil shock and ended the postwar bull market was the 1973–1974 stock market crash.

The decline began in a difficult economic environment marked by inflation, slowing growth, and political uncertainty. In October 1973, Arab members of OPEC and other oil producers imposed an oil embargo connected to the Yom Kippur War, helping drive a major increase in energy prices.

U.S. equities fell for much of 1973 and 1974. The bear market affected other major financial centers as well, and the combination of inflation and unemployment became known as stagflation.

This crash is distinct from the 1970 recession-related decline and from the 1987 one-day global sell-off. Its defining feature was a prolonged bear market shaped by an energy shock and broader macroeconomic weakness.