The 1932 Summer Olympics, officially known as the Games of the X Olympiad, was a major world wide multi-athletic event which was celebrated in 1932 in Los Angeles, California, United States. No other cities made a bid to host these Olympics. Held during the worldwide Great Depression, many nations and athletes were unable to pay for the trip to Los Angeles. Fewer than half the participants of the 1928 Summer Olympics in Amsterdam returned to compete in 1932. US President Herbert Hoover did not attend the Games, becoming the first sitting head of government not to appear at an Olympics hosted in that country.
The organizing committee put no record of the finances of the Games in their report, though contemporary newspapers reported that the Games had made a profit of US$1,000,000.