Nobel Prize

• The Nobel Prize is give annually in recognition of scientific and cultural advances.
• Alfred Nobel established this awards in 1895.
• The awards are given in the following fields

1. Physics
2. Chemistry
3. Peace
4. Philosophy
5. Medicine
6. Literature

• The Peace prize is given in Oslo, whereas the others are given in Stockholm.
• Alfred Nobel was a chemist and is credited as the inventor of Dynamite.
• He was discouraged by the reaction of people after his discovery.
• He set aside 94% of his assets to be used for Nobel Prizes in his will.
• The Nobel Foundation was founded in 1900 as a private organization to manage the finances and administration of Nobel prizes.
• The award was first given in 1900.
• The award consists of a Medal, Diploma Certificate and Cash Prize.
• The Medal weighs 175 grams and is made of 18 Carat gold. Previously until 1980, it was made of 23 Carat gold.
• The Diploma Certificate consists of the achievement of the person and is specially designed differently for each person.
• The cash prize differs slightly each year. It is currently $1.4 million. If more then one person wins the prize, the money is shared. But, it cant be shared by more than 3 people.
• The Nobel prize is regarded as the most prestigious award for each field.