The Nobel Prize is considered one of the world’s most prestigious awards. It can be a celebration of accomplishment with prizes conferred on individuals that have conferred the greatest benefits to mankind.
The first Nobel prizes were awarded on the fifth anniversary of the death of Alfred Nobel. Novell was the inventor of dynamite and explosives. It was his wishes that the vast fortune he accrued the annually distributed to individuals in the forms of prizes for the award. Many consider these final wishes to be an effort to make up for the overwhelming moral regret he felt as his inventions were used in war.
Nobel prizes today are considered some of the most prestigious awards for innovators in any field. Some of the most notable winners of this award include the Dalai Lama, Nelson Mandela, Albert Einstein, Theodore Roosevelt, Sir Winston Churchill and more. Organizations can also receive Nobel prizes for their efforts in the development of new discoveries.
Some of the notable winners of Nobel prizes in economic science include the Swedish national Bank and more. The Royal Swedish Academy of Sciences oversees the awards and decides who will be receiving prizes in chemistry, physics or the economy. The Swedish Royal Carolyn microsurgical Institute determines the medicine award, the Swedish Academy determines awards for literature and the Norwegian Parliament delivers the peace prize.
Awards are distributed on December 10 of each year. The current value of a Nobel Prize includes a gold medal as well as $1.4 million in prizes to the winners.