London wins the bid to host the 2012 Olympics.

The transcript describes the excitement and celebration in London after winning the bid to host the Olympics. It highlights the belief in London's unique position and strengths, the unexpected victory over Paris, and the involvement of East London schoolchildren in the celebrations. The transcript concludes by acknowledging the challenges ahead for London but emphasizes the current joy of the moment.

What was the general mood of the crowd before the announcement?

• Angry and frustrated

• Confused and uncertain

• Anxious and hopeful

• Indifferent and uninterested

What did the speaker believe about London's bid from the beginning?

• It was an average bid

• It was a risky bid

• It was the best bid

• It was the weakest bid

Which city was initially favored by bookmakers before London won the bid?

• Sydney

• Paris

• Beijing

• Toronto

Who joined the crowds in Trafalgar Square to celebrate the announcement?

• Tourists from around the world

• Olympic athletes

• East London schoolchildren

• Local politicians

What is the speaker's outlook on the future after the announcement?

• Hard work lies ahead

• There will be no challenges

• The future is uncertain

• The path ahead will be easy