Which 1973–1974 stock-market crash followed the 1973 oil crisis and ended the postwar bull market?

The market collapse following the 1973 oil crisis was the 1973–1974 stock-market crash.

The crash developed during a period of inflation, slowing economic growth, and political uncertainty. The 1973 oil crisis sharply increased energy prices after Arab oil-producing states imposed an embargo on countries supporting Israel during the Yom Kippur War. Higher costs and weaker demand created the conditions known as stagflation.

The Watergate scandal and the resignation of U.S. President Richard Nixon in August 1974 added to uncertainty, although the market decline had broader economic causes. From January 1973 to October 1974, major U.S. share indexes lost a large portion of their value, and markets in other countries also suffered.

This crash is sometimes grouped with the “Nifty Fifty” collapse, because many highly valued large companies fell sharply. It was not a one-day event like the 1987 crash. Instead, it was a prolonged bear market shaped by inflation, recession, energy shocks, and declining investor confidence.