The Basics

The Nobel Prize

What is the Nobel Prize?

The Nobel Prize is one of the most prestigious awards in the world. It was named after Alfred B. Nobel (1833–1896), the inventor of dynamite; he left $9,000,000 in trust, of which the interest was to be awarded to the person who made the most significant contribution to their particular field that year. The awards, given in the fields of physics, chemistry, physiology and medicine, literature, peace, and economics, are worth over $1,400,000, and a great deal of recognition.


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