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About International Nobel Prize Announcement
Politics , Health
Competitions & Awards
Ends: Oct 10, 2023
DESCRIPTION:
The world looks forward to this week each year. The announcement of the winners of the prestigious Nobel Prize takes place.
The prizes were designated in the will of Alfred Nobel (October 21, 1833 - December 10, 1896). Nobel is best known as the inventor of dynamite. However, he achieved 1355 patents over his lifetime.
Looking to his legacy, he left most of his wealth and estate to the prize's establishment. In his will it states:
"The whole of my remaining realizable estate shall be dealt with in the following way: the capital, invested in safe securities by my executors, shall constitute a fund, the interest on which shall be annually distributed in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit to mankind. The said interest shall be divided into five equal parts, which shall be apportioned as follows: one part to the person who shall have made the most important discovery or invention within the field of physics; one part to the person who shall have made the most important chemical discovery or improvement; one part to the person who shall have made the most important discovery within the domain of physiology or medicine; one part to the person who shall have produced in the field of literature the most outstanding work in an ideal direction; and one part to the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and the holding and promotion of peace congresses."
The fields recognized Are:
The Nobel Prize in Physiology or Medicine
The Nobel Prize in Physics
The Nobel Prize in Chemistry
The Nobel Peace Prize
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
The Nobel Prize in Literature
The first prizes were awarded in 1901.
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