Which U.S. stock-market crash followed the 1973–1974 oil crisis and ended with a 45% Dow decline?

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

The bear market began in January 1973 and ended in December 1974. During that period, the Dow Jones Industrial Average fell about 45%, while inflation, recession, political turmoil, and the energy shock undermined investor confidence.

The Yom Kippur War in October 1973 preceded an Arab oil embargo against several countries, contributing to a dramatic rise in oil prices. The United States then experienced stagflation: weak growth combined with high inflation.

The crash is sometimes blended into accounts of the 1970s economic crisis, but the stock-market episode has its own dates and market measures. It was one of the worst U.S. market declines since the Great Depression.