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The Olympic Games Of The Games

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The Olympic games originated in Athens in 776 B.C. The more popular modern day Olympic games began nearly 2300 years later in 1896. The games no longer represented a religious festival, but a sports competition instead. The games can be studied via multiple aspects such as political, social, and economic, but this paper will concentrate on the economic aspect of the games and more specifically, the macroeconomic impacts the games possess. It is evident that hosting the Olympics games is no walk in the park. The countries trusted with this task have to spend billions to make the games a reality. Some people believe that the countries, even after spending billions of dollars benefit from the games, while others believe that the money can be spent elsewhere more efficiently. To reach a conclusion, one must study all of the different impacts in all of the different sectors the games have.
London was not the only option when it came to the 2012 summer Olympics. France was also in the running and was actually pretty close to getting the gig. London won the bidding race with 54-50 votes from the International Olympic Committee. The need of some economic spark for London’s economy may have been the reason why the vote went their way. London’s economy had been stuck in a recession for almost a nine-month period. The question was: “Are the Olympics going to provide a positive benefit for London’s economy?”
Employment
Preparing for the Olympics takes a lot of time, effort and money.

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