Which 1973–1974 stock-market crash followed the collapse of Bretton Woods and the 1973 oil crisis?

The 1973–1974 stock-market crash followed the collapse of Bretton Woods and the 1973 oil crisis.

The Bretton Woods system of fixed exchange rates broke down in the early 1970s, contributing to monetary and currency uncertainty. In October 1973, Arab members of OPEC and other producers imposed an oil embargo connected to the Yom Kippur War, while oil prices rose sharply.

Equity markets weakened amid inflation, recession fears, high interest rates, and political uncertainty. In the United States, the S&P 500 fell about 48% from its January 1973 peak to its October 1974 low. The decline was part of a broader bear market affecting several major economies.

The crash is sometimes grouped with the 1970s energy and inflation crisis, but it was not a single-day event. It also differs from the 1987 crash, which was much more concentrated in one October trading session.