The 1973–1974 stock market crash was a severe global bear market from January 1973 to December 1974, ranking among the worst downturns since the Great Depression, alongside the 2008 crisis. Triggered by the collapse of the Bretton Woods system, the Nixon Shock, and the 1973 oil crisis, it devastated major indices—with the UK's FT 30 losing 73% of its value and the Dow Jones Industrial Average dropping over 45%. All future G7 markets bottomed out between September and December 1974, having lost at least 34% of their value in nominal terms and 43% in real terms. The recovery was painfully slow, with West Germany returning to real levels by June 1985, the UK by May 1987 (shortly before the Black Monday crash), and the U.S. not until August 1993, over two decades later. In the UK, lifting the rent freeze in December 1974 sparked a 150% stock rebound, though rampant inflation soared to 25%, ushering in an era of stagflation. The crash's cultural impact persists, notably inspiring the Hong Kong TVB series The Greed of Man.