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 city hosting the next Olympic Games. The next host nation then also briefly introduces itself with artistic displays of dance and theatre representative of its culture. As is customary, the last medal presentation of the Games is held as part of the closing ceremony. Typically, the men's marathon medals are presented at the Summer Olympics, while the cross-country skiing mass start medals are awarded at the Winter Olympics. A medal ceremony is held after each Olympic event is concluded. The winner, second and third-place competitors or teams stand on top of a three-tiered rostrum to be awarded their respective medals.