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
Olympic medal Paris Mint, which also made the medals for the 1900 Olympic Games, hosted by Paris. This started the tradition of giving the responsibility of minting the medals to the host city. For the next few Olympiads the host city also chose the medal design. Until 1912 the gold medals were made of solid gold. In 1923 the International Olympic Committee (IOC) launched a competition for sculptors to design the medals for the Summer Olympic Games. Giuseppe Cassioli's "Trionfo" design was chosen as the winner in 1928. The obverse brought back Nike but this time as the main focus, holding a