Nobel Prize | Definition, History, Winners, & Facts

Nobel Prize, any of the prizes ( five in count until 1969, when a one-sixth was added ) that are awarded annually from a fund bequeathed for that purpose by the swedish inventor and industrialist Alfred Nobel. The Nobel Prizes are wide regarded as the most esteemed awards given for intellectual accomplishment in the global. To browse Nobel Prize winners alphabetically, chronologically, and by respect, see below.

In the will he drafted in 1895, Nobel instructed that most of his luck be set aside as a store for the award of five annual prizes “ to those who, during the preceding year, shall have conferred the greatest benefit on mankind. ” These prizes as established by his will are the Nobel Prize for Physics, the Nobel Prize for Chemistry, the Nobel Prize for Physiology or Medicine, the Nobel Prize for Literature, and the Nobel Prize for Peace. The first distribution of the prizes took place on December 10, 1901, the fifth anniversary of Nobel ’ s death. An extra prize, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968 by the Bank of Sweden and was first awarded in 1969. Although not technically a Nobel Prize, it is identified with the award ; its winners are announced with the Nobel Prize recipients, and the Prize in Economic Sciences is presented at the Nobel Prize Award Ceremony . The overrule slope of the Nobel Prize decoration awarded for both Physics and Chemistry .© The Nobel Foundation

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Nobel Prize

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After Nobel ’ s death, the Nobel Foundation was set up to carry out the provisions of his will and to administer his funds. In his will, he had stipulated that four different institutions—three Swedish and one Norwegian—should award the prizes. From Stockholm, the Royal Swedish Academy of Sciences confers the prizes for physics, chemistry, and economics, the Karolinska Institute confers the respect for physiology or medicate, and the swedish Academy confers the respect for literature. The norwegian Nobel Committee based in Oslo confers the loot for peace. The Nobel Foundation is the legal owner and functional administrator of the funds and serves as the joint administrative body of the prize-awarding institutions, but it is not concerned with the prize deliberations or decisions, which rest entirely with the four institutions . The reversion side of the Nobel Prize decoration for Physiology or Medicine.

© The Nobel Foundation The reversion side of the Nobel Prize decoration for Literature .© The Nobel Foundation

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