Which 1973–1974 market crash followed the 1973 oil crisis and severe inflation in many economies?

The 1973–1974 stock market crash followed the 1973 oil crisis and severe inflation in many economies.

The downturn began amid the end of the postwar economic boom, rising inflation, and weakening business conditions. The Yom Kippur War prompted Arab oil producers to impose an embargo on countries supporting Israel, causing oil prices to rise sharply and disrupting industrial economies.

In the United States, the Watergate scandal and President Richard Nixon’s resignation added political uncertainty. The bear market also reflected the collapse of the “Nifty Fifty” preference for large, apparently dependable growth companies whose valuations had become extremely high.

The crash was international. Major indexes in the United States and Britain suffered deep losses, while economic growth weakened and unemployment rose. It is often remembered as a combined market and macroeconomic crisis rather than an isolated exchange event.