For the third time in the history of the Olympic Games, the city of London will be the host city for the Summer Olympics. History recalls that in 1908, it was set in stone that the host city was Rome. However, disaster struck in a cruel manner when a city-destroying volcano erupted east of Naples. Dealing with all of the fatalities, etc., the country, running on empty, was unable to raise funds to host the game while dealing with restoring vital services. So it was the Brits who stepped to the plate and hosted the 1908 Olympic Games.

Over 10,000 athletes will participate in the Games this year and its cost is expected to surpass some $15 billion.