The 1973 Oil Crisis and Stock Market Crash β #6 in Top 10 Worst Financial Crashes in History | Top10Grid
#6
The 1973 Oil Crisis and Stock Market Crash
OPEC's oil embargo quadrupled crude prices overnight, triggering a two-year bear market that slashed the Dow by 45%, unleashed stagflation, and shattered the postwar economic consensus that had delivered decades of steady Western prosperity.
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