1948 London Olympics

This summer's London Olympics has a $16 billion price tag, lavish new venues, and a revitalized East End. Compare that with London's 1948 "Austerity Games"--which featured bombed-out buildings, rubble, and a shoestring budget. -- By Andrew Dubbins, Yahoo! Sports

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The Olympic flag is hoisted by quartermaster Richardson C. Bang, left, on the liner America in New York City, July 14, 1948. The ship is sailing for London, England, with 260 athletes and 44 coaches of the United States Olympic teams for the Summer Olympic Games. Capt. John W. Anderson of the America, center, and Avery Brundage, second from right, President of the U.S. Olympic Committee, assist in the proceedings. Note the five interlocked ... más
The Olympic flag is hoisted by quartermaster Richardson C. Bang, left, on the liner America in New York City, July 14, 1948. The ship is sailing for London, England, with 260 athletes and 44 coaches of the United States Olympic teams for the Summer Olympic Games. Capt. John W. Anderson of the America, center, and Avery Brundage, second from right, President of the U.S. Olympic Committee, assist in the proceedings. Note the five interlocked rings are vertical on the white flag. (AP Photo) menos

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