Which period is known for the major U.S. stock-market crash that unfolded from 1973 to 1974?

The major U.S. stock-market crash that unfolded from 1973 to 1974 is known as the 1973–1974 stock-market crash.

The decline occurred during a turbulent period marked by the 1973 oil crisis, high inflation, recession, and political uncertainty surrounding the Watergate scandal. The S&P 500 fell substantially, while the Dow Jones Industrial Average also lost a large portion of its value from its January 1973 peak to its December 1974 low.

The downturn was part of a broader bear market affecting several countries, not merely a short-lived Wall Street shock. Oil prices rose sharply after the October 1973 Arab–Israeli War and the subsequent embargo by Arab oil producers, adding to inflationary pressure and weakening economic growth.

This episode is distinct from the 1970 crash and from the 1987 Black Monday crash. It was a prolonged bear market shaped by both financial and macroeconomic forces.