1928 Summer Olympics In preparation for the 1932 Summer Olympics, the United States Olympic Committee reviewed the costs and revenue of the 1928 Games. The committee reported a total cost of US$1.183 million with receipts of US$1.165 million, giving a negligible loss of US$18,000, which was a considerable improvement over the 1924 Games. Dutch nobleman, Frederik van Tuyll van Serooskerken, first proposed Amsterdam as host city for the Summer Olympic Games in 1912, even before the Netherlands Olympic Committee was established. The Olympic Games were cancelled in 1916 due to World War I. In 1919, the Netherlands Olympic Committee abandoned the proposal of
Olympic Games by 44 cities in 23 countries, but by cities outside Europe and North America on only eight occasions. Since the 1988 Summer Olympics in Seoul, South Korea, the Olympics have been held in Asia or Oceania four times, a sharp increase compared to the previous 92 years of modern Olympic history. The 2016 Games in Rio de Janeiro were the first Olympics for a South American country. No bids from countries in Africa have succeeded. The United States has hosted eight Olympic Games, four Summer and four Winter, more than any other nation. The British capital London holds the distinction