1948 Summer Olympics 1908, forty years earlier. The Olympics would again return to London 64 years later in 2012, making London the first city to have hosted the games three times, and the only such city until Paris and Los Angeles host their third games in 2024 and 2028, respectively. The 1948 Olympic Games were the first of two summer Olympic Games held under the IOC presidency of Sigfrid Edström. The event came to be known as the Austerity Games, because of the difficult economic climate and rationing imposed in the aftermath of World War II. No new venues were built for the
Youth Olympic Games was introduced by Johann Rosenzopf from Austria in 1998. On 6 July 2007, International Olympic Committee (IOC) members at the 119th IOC session in Guatemala City approved the creation of a youth version of the Olympic Games, with the intention of sharing the costs of hosting the event between the IOC and the host city, whereas the traveling costs of athletes and coaches were to be paid by the IOC. These Games will also feature cultural exchange programs and opportunities for participants to meet Olympic athletes. Several other Olympic events for youth, like the European Youth Olympic Festival held every