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Thursday, December 10, 2015

First Nobel Prizes awarded on Dec 10,1901

The first Nobel Prizes are awarded in Stockholm, Sweden, in the fields of physics, chemistry, medicine, literature, and peace.

The ceremony came on the fifth anniversary of the death of Alfred Nobel, the Swedish inventor of dynamite and other high explosives.

In his will, Nobel directed that the bulk of his vast fortune be placed in a fund in which the interest would be “annually distributed in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit on mankind.”

Alfred Nobel’s will stipulated the creation of just five awards: physics, chemistry, physiology or medicine, literature and peace

 Although Nobel offered no public reason for his creation of the prizes, it is widely believed that he did so out of moral regret over the increasingly lethal uses of his inventions in war

Today, the Nobel Prizes are regarded as the most prestigious awards in the world in their various fields. Notable winners have included Marie Curie, Theodore Roosevelt, Albert Einstein, George Bernard Shaw, Winston Churchill, Ernest Hemingway, Martin Luther King, Jr., the Dalai Lama, Mikhail Gorbachev, and Nelson Mandela. Multiple leaders and organizations sometimes receive the Nobel Peace Prize, and multiple researchers often share the scientific awards for their joint discoveries.

In 1968, a Nobel Memorial Prize in Economic Science was established by the Swedish national bank, Sveriges Riksbank, and first awarded in 1969

In 1968, to honor its 300th anniversary, Sweden’s central bank created an endowment to fund a new prize honoring achievements in economic studies. Properly known as the “Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel,” the award recipients are chosen by the Swedish Academy of Sciences (who also select the prizes in chemistry and physics) in conjunction with a prize committee (separate from the one that issues the awards in other categories) and recipients receive their awards at the same December ceremony.

The Royal Swedish Academy of Sciences decides the prizes in physics, chemistry, and economic science
the Swedish Royal Caroline Medico-Surgical Institute determines the physiology or medicine award; the Swedish Academy chooses literature; and
 a committee elected by the Norwegian parliament awards the peace prize

The Nobel Prizes are still presented annually on December 10, the anniversary of Nobel’s death

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