The Nobel Prize is an international award given yearly since 1901 for outstanding achievements in physics, chemistry, medicine, literature and for peace. In 1968, the Bank of Sweden instituted the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize.

Alfred B. Nobel, the Swedish chemist and engineer who invented dynamite, left $9 million in his will to establish the Nobel Prizes. At first glance, it seems odd that the inventor of a powerful explosive would endow a group of awards that includes a peace prize. But Nobel was an industrialist with a conscience. He is credited with creating a controllable combustible that made blasting rock and the construction of canals and tunnels a relatively safe process. Nobel also contributed to the inventions of synthetic rubber, artificial silk, and synthetic leather. He held more than 350 patents. His interests were not limited to science. In fact, he was a lo ver of English literature and poetry and wrote several novels and poems. At his death, he left a library of more than 1,500 books, from fiction to philosophy.


Prizes have been awarded annually since 1901 for achievements in:
  • Physics (decided by the Royal Swedish Academy of Sciences)
  • Chemistry (decided by the Royal Swedish Academy of Sciences)
  • Physiology or Medicine (decided by the Karolinska/Royal Caroline Medical Institute)
  • Literature (decided by the Swedish Academy)
  • Peace (decided by a committee appointed by the Norwegian Storting or Parliament)

2005 Winners
The Nobel Prize in Physics - Roy J. Glauber "John L. Hall "Theodor W. Hänsch "
The Nobel Prize in Chemistry - Yves Chauvin "Robert H. Grubbs "Richard R. Schrock "
The Nobel Prize in Physiology or Medicine - Barry J. Marshall "J. Robin Warren "
The Nobel Prize in Literature - Harold Pinter "
The Nobel Peace Prize - International Atomic Energy Agency (IAEA) "Mohamed ElBaradei "
Each prize consists of a gold medal, a sum of money, and a diploma with the citation of award. The amount of money available for each prize varies from year to year and depends on the income earned on the Nobel Foundation fund.
Did you know
  • Because of World War II, no awards were given from 1940-1942.
  • In 1937, Hitler issued a decree that forbade Germans from accepting Nobel Prizes.
  • In 1973 Le Duc Tho refused the Nobel Peace Prize as he did not believe peace had been reached in Vietnam.
  • The awards are made on Dec. 10, the anniversary of Nobel's death, the Peace Prize being presented in Oslo and the others in Stockholm.
  • Since 1902, the King of Sweden has formally awarded all the prizes, except the Nobel Peace Prize, in Stockholm.
  • The Nobel Peace Prize is given in Oslo, Norway, by the Norwegian Nobel Committee.
  • Only living persons may be nominated for the Nobel Prize.
  • The Nobel Prize nominees are not publicly announced and they are not supposed to be told that they were ever considered for the prize. The records are sealed for 50 years. This is done to avoid turning the awarding of the prize into a popularity contest.
 
The awards process begins an entire year before the awards are announced, with the administers of the awards inviting nominations from the fall through January 31 of the next year. On February 1, the six committees begin considering nominees and make recommendations to the prize-awarding subcommittees in September and early October. The winners must be announced by November 15.