The major global stock-market crash associated with the 1973 oil crisis occurred during 1973–1974.
Markets were hit by the collapse of the Bretton Woods monetary system, the 1973 oil shock, high inflation, and slowing economic growth. The combination created stagflation: prices rose while production and employment weakened. Stock valuations fell across major markets.
In the United States, the Dow Jones Industrial Average declined substantially from its early-1973 level to its low in December 1974. Britain, Japan, and other industrial economies also experienced severe market losses. The downturn was therefore international rather than limited to Wall Street.
This crash is sometimes confused with the 1970s oil crises as a whole. The market-crash label refers specifically to the extended decline in equity prices from 1973 into 1974, while the oil crisis describes the energy and geopolitical shock that helped drive it.