Nobel Prize facts
We attempted to make this article on the Nobel Prize brief but accurate. You will understand what the Nobel Prize facts is after reading this. Where did you obtain it? Along with this, you will be able to learn about the Nobel Prize selection procedure. Finally, we’ve compiled a list of fascinating facts about the Nobel Prize.
What exactly is the Nobel Prize?
Every year, the Nobel Prize is presented for excellent work and research done for the benefit of mankind in the domains of physics, chemistry, medical science, literature, peace, and economics. It is regarded as the world’s top honour in all of these categories.
When and why is the Nobel Prize given?
The Nobel Prize is awarded in Alfred Nobel’s memory. Alfred Nobel, the renowned Swedish scientist and businessman who created dynamite, declared in his testament in 1895 that 94 percent of his enormous riches belonged to individuals who undertook some specified effort for human benefit.
On June 29, 1900, the Nobel Foundation was established to ensure the effective distribution and operation of the Nobel Prizes.
The Nobel Foundation is primarily a regulatory agency tasked with financial and administrative administration. Since 1901, some of the world’s finest personalities have been given the Nobel Prize under his supervision.
This foundation has a team of five persons, four of them are chosen by this trust, and the chairman of this committee is chosen by the King of Council. By the way, the trust now appoints all five of the five members.
The selection procedure for the Nobel Prize
The selection process for the Nobel Prize in several categories is the same; only the credentials required varies.
Every year, the Nobel Committee sends nomination forms to around 2000-3000 persons who have achieved distinction in their profession.
At the same time, previous Nobel Peace Prize recipients, governments from many nations, and current and former Norwegian committee members are approached for Nobel Peace Prize suggestions.
How are Nobel Prizes given out?
The Nobel Committee then sends the list of probable candidates to the awarding institutions, with the assistance of a topic specialist. The assembly of these organisations decides by majority who will receive the Nobel Prize in the particular subject this year.
Keep in mind that a maximum of three persons can be honoured in every sector, as well as for research or remarkable work. Any nation, organisation, or individual can be awarded the Nobel Peace Prize.
Nobel Prize Administration
The proper functioning of the Nobel Prize is primarily the responsibility of two organisations, which we will explore more. 1) The Nobel Foundation 2) The Nobel Committee
The Nobel Prize Foundation
The Nobel Foundation is the first organization in charge of announcing Nobel Prizes. On May 29, 1900, the Nobel Foundation was created.
This organization is in charge of the financial administration of Alfred Nobel’s patents, the huge quantities of money collected by his firms, and the administrative management of the Nobel Prize.
The Nobel Committee
The Nobel Committee is in charge of selecting the world’s finest individuals to win the Nobel Prizes each year. Each Nobel Prize has its own committee.
The Nobel Committee, which is in charge of physics, chemistry, medicine, and literature, works inside the institutions that grant prizes in those fields.
Whereas the Norwegian Nobel Committee is in charge of the Nobel Peace Prize, the status of this committee is slightly different in that it functions as both the working body and the judging body for the Nobel Peace Prize.
What do you get in exchange for the Nobel Prize?
Whoever wins the award receives a medal, a citation, and a one-million-dollar prize. The Royal Swedish Academy of Sciences, the Karolinska Institute for Medicine, and the Norwegian Nobel Committee all award awards in physics and economics.
Some fascinating facts about the Nobel Prize
- The first Nobel Prize in physics, chemistry, medicine, literature, and peace was awarded in 1901.
- From 1901 to 2019, women were awarded the Nobel Prize 53 times.
- Marie Curie is the only woman to have received the Nobel Prize in both physics and chemistry, in 1903 and 1911, respectively.
- Pakistan’s Malala Yousafzai is the youngest Nobel winner. At the age of 17, he was awarded the Nobel Peace Prize in 2014.
- Prior to it, Lawrence Bragg and his father shared the Nobel Prize in Physics in 1915.
- This award has been given to the United Nations High Commissioner for Refugees (UNHCR) three times (1917, 1944, and 1963).
- Only four persons in the world’s history have received the Nobel Prize twice. 1) Madame Curie, 2) Linus Pauling, 3) John Bardeen, 4) Sanger Frederick
- Linus Pauling is the only person to have received two Nobel Prizes. In 1954, he received the Nobel Peace Prize in Chemistry, and eight years later, in 1962, he received the Nobel Peace Prize. Those of us who have studied chemical bonding must be familiar with Linus Pauling’s idea.
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