when was it first given ?
1901.
Nobel Prize
obel Prizes were first awarded in 1901.
what is the purpose of the nobel prize It is are awarded "to those who, during the preceding year, have conferred the greatest benefit to humankind”.
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Nobel Prize [SEP] Introduction
Nobel Prizes were first awarded in 1901. In 1968, a sixth prize was established in the field of Economic Sciences; however, it is not considered a "Nobel Prize" but a "Nobel Memorial Prize". The prize ceremonies take place annually. Each recipient (known as a "laureate") receives a gold medal, a diploma, and a monetary award. In 2020, the Nobel Prize monetary award is 9,000,000 SEK, or , or €848,678, or £716,224. A prize may not be shared among more than three individuals, although the Nobel Peace Prize can be awarded to organizations of more than three people. Although Nobel Prizes are not awarded posthumously, if a person is awarded a prize and dies before receiving it the prize is presented.