The 1973-74 Stock Market Crash
Poet involved
What happened
The 1973-74 stock market crash was a severe global bear market triggered by the 1973 oil crisis, the collapse of the Bretton Woods system, and rising inflation. The London Stock Exchange and the New York Stock Exchange both lost nearly 50% of their value, leading to a prolonged recession and the first major post-war test of investor confidence. The crash marked the end of the post-war economic boom and ushered in an era of stagflation.
Literary impact
The crash and the accompanying 'stagflation' deeply influenced the poetry of the 1970s, which often reflected a mood of disillusionment and economic anxiety. Poets like Philip Larkin in Britain and Robert Bly in the United States wrote about the erosion of security and the failure of political promises, themes that resonated with the broader cultural malaise of the decade.
Source: Wikipedia
