Even though the 1932 Summer Olympics were held during the Great Depression, Los Angeles first chance to host the Games still stand as a model for innovation and profitability.
It was the first time that the medalists stood on a victory platform and watched the raising of the national flag of the winner. Previously the flag of the winning nation was raised after the event, but medals were awarded at Closing Ceremony.
It was also the first Games most of the athletes were housed in an Olympic Village. Men were housed in facilities in south Los Angeles while women stayed in a hotel.