From July 30 to August 14, 1932, Los Angeles hosted the 10^th Olympic Games during the during the depth of the Depression. Thanks to the film industry, LA was more financially buoyant than most places and could afford to host the Games. This photo was taken on the corner of 7th and Hill Streets, downtown Los Angeles, where the building on the southeast corner is decked out with the five Olympic rings displayed on a two-story torch with what look to be 15 flags.

That same corner in April 2019. The building on the left used to house a prominent Warner Bros theater, which is now a jewelry store.