By contrast, the USA secured 33.3% of the total medal value on offer at the 1932 Winter Games (including 42.8% of the total gold medal value), winning the medal tally outright (six gold, four silver, and two bronze). This overwhelming dominance (Norway finished second with three gold, four silver and three bronze medals; with Sweden placing third with one gold and two silver) is most likely due to the economic circumstances that surrounded the 1932 Winter Games. Held in the midst of the Great Depression, the number of countries participating dropped from 25 at the previous Winter Games of 1928 to just 17 in 1932. Not only did this reduce the number and quality of competing nations, it also allowed America the luxury of fielding a comparatively larger team because, as host nation, it was logistically possible to send more athletes at relatively small incremental costs. Many competing countries reduced the size of their Olympic teams from 1928 to 1932, due to financial pressures associated with the Great Depression.